Investors gain N75.44bn as NGX-ASI appreciates by 0.21%
Nigeria’s Equities Market closed positive on Monday by 0.21% as the NGX-ASI increased to 65,336.80 compared to 65,198.08 recorded at the close of the previous trading day; indicating a YTD return of +27.48%.
Market capitalization increased today by N76 billion to N35.555 trillion from N35.479 trillion recorded at the close of the previous trading day, while the market turnover decreased to N3.892 billion from N6.073 billion recorded at the close of the previous trading day.
At the end of the first weekday of trading, a total of 334,333,242 shares in 6,940 deals, corresponding to a market value of NGN 3,891,581,598.02, were traded.
Compared with the previous NGX trading day (Friday, August 4), today’s data shows 8% decline in volume, 36% decline in turnover, but 4% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 35.6 trillion.
In the aggregate, 113 NGX listed equities participated in trading, ending with 25 gainers and 26 losers. Nigerian Enamelware led the gainers with 9.86% share price appreciation closing at NGN 19.50 per share, followed by Wema Bank (+9.77%), University Press (+9.73%) and Sunu Assurances Nigeria (+9.68%).
On the losing side, Omatek Ventures came out last with an end-of-day price depreciation of 8.82% at NGN 0.31 per share, followed by Prestige Assurance Company (-7.84%), McNichols (-7.35%) and Cornerstone Insurance Company (-7.22%). Sterling Bank recorded the highest volume of 55.1 million traded shares, followed by FCMB Group (28.2m), Fidelity Bank (18.8m) and Japaul Gold and Ventures (17.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 138.72 (0.21%) points to close at 65,336.80, representing a 1-week gain of 1.55%, a 4-week gain of 1.13%, and an overall year-to-date gain of 27.48%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.18%; +1.44% 1WK; +29.05% YTD), NGX Top 50 Index (+0.03%; +1.48% 1WK; +43.02% YTD), NGX Banking Index (+0.81%; +1.24% 1WK; +62.53% YTD), NGX Premium Index (+0.4%; +2.69% 1WK; +46.96% YTD), NGX Oil & Gas Index (+0.12%; -0.96% 1WK; +99.46% YTD), and NGX Main Board Index (+0.06%; +0.64% 1WK; +19.95% YTD).
