Investors gain N2.27bn as NGX-ASI increases marginally by 0.01%
Nigeria’s Equities Market closed positive on Wednesday by 0.01% as the NGX-ASI increased to 65,492.81 from 65,488.67 recorded at the close of the previous trading day; indicating a YTD return of +27.79%.
Market capitalization increased today by N2.27 billion to N35.845 trillion from N35.842 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.05 billion from N4.12 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 348,323,276 shares in 6,237 deals, corresponding to a market value of NGN 4,047,920,060.59, were traded. Compared with the previous NGX trading day (Tuesday, August 22), today’s data shows 19% improvement in volume, 2% decline in turnover, but 6% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 35.9 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 22 gainers and 27 losers. Associated Bus Company led the gainers with 9.62% share price appreciation closing at NGN 0.57 per share, followed by Thomas Wyatt Nigeria (+9.3%), Transcorp Hotels (+8.99%) and Courteville Business Solutions (+8.33%).
On the losing side, Conoil came out last with an end-of-day price depreciation of 10% at NGN 99.00 per share, followed by Daar Communications (-9.38%), Red Star Express (-8.75%) and Tantalizers (-8.33%). Transcorp Nigeria recorded the highest volume of 145 million traded shares, followed by Universal Insurance Company (27.5m), Dangote Sugar Refinery (16.1m) and Fidelity Bank (15.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 4.25 (0.01%) points to close at 65,492.92, representing a 1-week gain of 1.34%, a 4-week loss of 0.3%, but an overall year-to-date gain of 27.79%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.34%; +1.96% 1WK; +30.31% YTD), NGX Top 50 Index (-0.18%; +0.36% 1WK; +42.47% YTD), NGX Consumer Goods Index (+0.4%; +9.54% 1WK; +66.83% YTD), NGX Insurance Index (+0.39%; -0.1% 1WK; +55.65% YTD), NGX Main Board Index (+0.14%; +2.4% 1WK; +20.78% YTD), and NGX Industrial Index (+0%; +1.58% 1WK; +18.69% YTD).
