Investors gain N33.513bn as NGX-ASI appreciates by 0.09%
Nigeria’s Equities Market closed positive on Friday by 0.09% as the NGX-ASI increased to 68,143.34 from 68,082.11 recorded at the close of the previous trading day; indicating a YTD return of +32.96%. The market performance for the week increased by 0.91% to 68,143.34 from 65,198.08 recorded at the beginning of the week (04/09/2023).
Market capitalization increased by N33.513 billion to N37.295 trillion from N37.261trillion recorded at the close of the previous trading day, while the market turnover decreased to N8.340 billion from N8.37 billion recorded at the close of the previous trading day.
At the end of the last weekday of trading , a total of 483,489,479 shares in 6,660 deals, corresponding to a market value of NGN 8,340,883,538.00, were traded.
Compared with the previous NGX trading day (Thursday, September 7), today’s data shows 28% improvement in volume but 18% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 37.3 trillion.
In the aggregate, 114 NGX listed equities participated in trading, ending with 30 gainers and 17 losers. Oando led the gainers with 10% share price appreciation closing at NGN 7.70 per share, followed by Computer Warehouse Group (+9.89%), Neimeth International Pharma (+9.8%) and Ikeja Hotel (+8.93%).
On the losing side, Chellarams came out last with an end-of-day price depreciation of 9.94% at NGN 2.90 per share, followed by Omatek Ventures (-9.38%), Associated Bus Company (-8.13%) and Thomas Wyatt Nigeria (-7.83%). FCMB Group recorded the highest volume of 117 million traded shares, followed by Access Holdings (36.3m), Oando (34.2m) and United Bank for Africa (34.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 61.23 (0.09%) points to close at 68,143.34, representing a 1-week gain of 0.91%, a 4-week gain of 4.31%, and an overall year-to-date gain of 32.96%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.1%; +1.89% 1WK; +51.35% YTD), NGX Top 30 Index (+0.05%; +0.78% 1WK; +36.18% YTD), NGX Consumer Goods Index (+0.18%; +2.24% 1WK; +87.24% YTD), NGX Industrial Index (+0.16%; -0.49% 1WK; +20.37% YTD), NGX Banking Index (+0.14%; +5.55% 1WK; +71.06% YTD), and NGX Premium Index (+0.12%; +0.2% 1WK; +51.71% YTD).
