Investors gain N185.52bn as NGX-ASI increase by 0.51%
Nigeria’s Equities Market closed positive on Tuesday as the key market indicator advanced by 338.96 bps amid positive market breadth.
The NGX All-Share Index advanced by 0.51% to close at 66,490.34 basis points against the 0.90% gain recorded previously to close at 66,151.38 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N185.52bn gain.
At the end of today’s trading session, a total of 436,956,185 shares in 7,932 deals, corresponding to a market value of NGN 7,013,772,658.96, were traded.
Compared with the previous NGX trading day (Monday, August 28), today’s data shows 40% improvement in volume, 79% improvement in turnover, and 10% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 36.4 trillion.
In the aggregate, 119 NGX listed equities participated in trading, ending with 34 gainers and 32 losers. Flour Mills Nigeria led the gainers with 10% share price appreciation closing at NGN 33.00 per share, followed by Champion Breweries (+10%), National Salt Company (+9.96%) and Dangote Sugar Refinery (+9.95%).
On the losing side, Computer Warehouse Group came out last with an end-of-day price depreciation of 10% at NGN 4.05 per share, followed by Linkage Assurance (-10%), Chellarams (-9.85%) and Prestige Assurance Company (-9.8%). FBN Holdings recorded the highest volume of 55.1 million traded shares, followed by Japaul Gold and Ventures (33.1m), United Bank for Africa (30.2m) and Access Holdings (25.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 338.96 (0.51%) points to close at 66,490.34, representing a 1-week gain of 1.53%, a 4-week gain of 3.58%, and an overall year-to-date gain of 29.73%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.93%; +1.66% 1WK; +45.1% YTD), NGX Top 30 Index (+0.82%; +2.69% 1WK; +33.35% YTD), NGX Banking Index (+1.63%; -1.65% 1WK; +55.29% YTD), NGX Consumer Goods Index (+0.99%; +9.52% 1WK; +81.99% YTD), NGX Pension Index (+0.66%; +1.37% 1WK; +55.81% YTD), and NGX Main Board Index (+0.58%; +3.14% 1WK; +24.4% YTD).
