Investors gain N411.55bn as NGX-ASI increases by 1.11%
Nigeria’s Equities Market closed positive on Monday by 1.11% as the NGX-ASI increased to 68,279.14 from 67,527.19 recorded at the close of the previous trading day; indicating a YTD return of +33.22%.
Market capitalization also increased by N412 billion to N37.370 trillion from N36.958 trillion recorded at the close of the previous trading day, while the market turnover increased to N13.04 billion from N6.92 billion recorded at the close of the previous trading day.
At the end of the first weekday of trading , a total of 744,758,023 shares in 11,933 deals, corresponding to a market value of NGN 12,999,176,566.57, were traded. Compared with the previous NGX trading day (Friday, September 1), today’s data shows 48% improvement in volume, 88% improvement in turnover, and 57% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 37.4 trillion.
In the aggregate, 119 NGX listed equities participated in trading, ending with 38 gainers and 19 losers. Dangote Sugar Refinery led the gainers with 10% share price appreciation closing at NGN 66.55 per share, followed by National Salt Company (+9.98%), John Holt (+9.92%) and Oando (+9.91%).
On the losing side, Consolidated Hallmark Insurance came out last with an end-of-day price depreciation of 9.57% at NGN 1.04 per share, followed by Cornerstone Insurance Company (-9.29%), Sunu Assurances Nigeria (-9.09%) and UPDC Real Estate Investment Trust (-8.22%). Fidelity Bank recorded the highest volume of 85.1 million traded shares, followed by Zenith Bank (75.4m), United Bank for Africa (60.2m) and Transcorp Nigeria (56.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 751.95 (1.11%) points to close at 68,279.14, representing a 1-week gain of 3.22%, a 4-week gain of 4.5%, and an overall year-to-date gain of 33.22%.
Other remarkable indices that performed were the NGX Top 50 Index (+3.26%; +6.69% 1WK; +53.39% YTD), NGX Top 30 Index (+1.19%; +3.38% 1WK; +36.74% YTD), NGX Banking Index (+5.65%; +12.05% 1WK; +71.22% YTD), NGX Pension Index (+1.95%; +4.91% 1WK; +62.39% YTD), NGX Consumer Goods Index (+1.57%; +3.22% 1WK; +86% YTD), and NGX Main Board Index (+1.46%; +2.74% 1WK; +27.06% YTD).
