Investors gain N157.43bn as NGX-ASI appreciates by 0.27%
Nigeria’s Equities Market closed positive on Thursday by 0.27% as the NGX-ASI increased to 104,562.06 from 104,283.64 recorded at the close of the previous trading day; indicating a YTD return of +39.84%.
The market performance for the week decreased by 0.0% to 104,562.06 from 104,647.37 recorded at the beginning of the week.
Market capitalization increased by N157.43 billion to N59.121 trillion from N58.963 trillion recorded at the close of the previous trading day, Also, the market turnover increased to N16.955 billion from N12.411 billion.
At the end of today’s trading session , a total of 623,075,241 shares in 10,257 deals, corresponding to a market value of NGN 16,954,921,835.27, were traded. Compared with the previous NGX trading day (Wednesday, March 27), today’s data shows 25% improvement in volume and 37% improvement in turnover. The current market capitalization of the Nigerian Stock Exchange is NGN 59.1 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 39 gainers and 16 losers. Morison Industries led the gainers with 10% share price appreciation closing at NGN 1.76 per share, followed by Ikeja Hotel (+9.91%), Julius Berger Nigeria (+9.73%) and Omatek Ventures (+9.72%).
On the losing side, FTN Cocoa Processors came out last with an end-of-day price depreciation of 9.6% at NGN 1.60 per share, followed by Associated Bus Company (-9.41%), Guinea Insurance (-7.89%) and Nigerian Exchange Group (-6.75%). Zenith Bank recorded the highest volume of 88.4 million traded shares, followed by Guaranty Trust Holding (78.7m), Access Holdings (56.7m) and United Bank for Africa (54.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 278.42 (0.27%) points to close at 104,562.06, representing a 1-week gain of 0.17%, a 4-week gain of 4.58%, and an overall year-to-date gain of 39.84%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.29%; +0.12% 1WK; +39.08% YTD), NGX Insurance Index (+2.61%; +5.71% 1WK; +26.2% YTD), NGX Pension Index (+0.87%; +1.6% 1WK; +21.39% YTD), NGX Banking Index (+0.6%; +3.41% 1WK; +14.76% YTD), NGX Premium Index (+0.5%; +0.48% 1WK; +42.42% YTD), and NGX Industrial Index (+0.12%; +0.23% 1WK; +78.49% YTD).
