Investors gain N324.26bn as NGX-ASI appreciates by 0.90%
Nigeria’s Equities Market closed positive Monday by 0.90% as the NGX-ASI increased to 66,151.38 from 65,558.91 recorded at the close of the previous trading day; indicating a YTD return of +29.07%.
Market capitalization increased today by N324 billion to N36.205 trillion from N35.881 trillion recorded at the close of the previous trading day, while the market turnover decreased to N3.92 billion from N4.23 billion recorded at the close of the previous trading day.
At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 311,116,701 shares in 7,193 deals, corresponding to a market value of NGN 3,915,331,833.56, were traded. Compared with the previous NGX trading day (Friday, August 25), today’s data shows 13% decline in volume, 8% decline in turnover, but 9% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 36.2 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 34 gainers and 24 losers. Dangote Sugar Refinery led the gainers with 10% share price appreciation closing at NGN 52.25 per share, followed by Transcorp Nigeria (+10%), Thomas Wyatt Nigeria (+10%) and Omatek Ventures (+10%).
On the losing side, Computer Warehouse Group came out last with an end-of-day price depreciation of 10% at NGN 4.50 per share, followed by John Holt (-9.8%), N.E.M. Insurance Company (-9.54%) and Secure Electronic Technology (-9.09%). Access Holdings recorded the highest volume of 43.7 million traded shares, followed by Transcorp Nigeria (28.5m), Dangote Sugar Refinery (16m) and Consolidated Hallmark Insurance (15.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 592.47 (0.9%) points to close at 66,151.38, representing a 1-week gain of 1.46%, a 4-week gain of 2.82%, and an overall year-to-date gain of 29.07%.
Other remarkable indices that performed were the NGX Top 30 Index (+1.05%; +2.36% 1WK; +32.27% YTD), NGX Top 50 Index (+0.61%; +0.38% 1WK; +43.77% YTD), NGX Consumer Goods Index (+5.86%; +12.51% 1WK; +80.2% YTD), NGX Main Board Index (+1.7%; +3.51% 1WK; +23.67% YTD), NGX Pension Index (+0.46%; +0.4% 1WK; +54.79% YTD), and NGX Industrial Index (+0.03%; -0.02% 1WK; +18.66% YTD).
