L-R: Senior Country Manager, International Finance Corporation, Kalim Shah; Senior Manager, Participant Engagement and Programmes, United Nations Global Compact, Tumi Onamade; Chief Executive Officer, Nigerian Exchange Limited (NGX), Temi Popoola; Chief Human Resources Officer, MTN Nigeria, Esther Akinnukawe; Chief Executive Officer, MTN Nigeria, Karl Toriola and Programme Specialist, Joint EU-UN Women Spotlight Initiative, Tosin Akibu during MTN Nigeria signing of the United Nations Women's Empowerment Principles (WEP), which is part of MTN’s fulfilment of the Nigeria2equal commitment, jointly championed by NGX and IFC at MTN Plaza, Ikoyi on Friday May 26, 2023.
Investors gain N82.9bn as NGX-ASI appreciates by 0.29%
Nigeria’s Equities Market closed positive on Friday as the NGX-ASI increased by 0.29% to close at52,973.88 compared to 52,821.64 recorded at the close of the previous trading day; indicating a YTD return of +3.36%.
The market capitalization increased by N82.9 billion to N28. 8446 trillion from N28.7617 trillion recorded at the close of the previous trading day, while the market turnover decreased to N7.67 billion from N9.18 billion recorded at the close of the previous trading day.
At the end of the last weekday of trading, a total of 461,783,662 shares in 6,520 deals, corresponding to a market value of NGN 7,667,053,091.32, were traded. Compared with the previous NGX trading day (Thursday, May 25), today’s data shows 22% improvement in volume, 16% decline in turnover, but 11% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.9 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 42 gainers and 12 losers. National Salt Company led the gainers with 10% share price appreciation closing at NGN 15.40 per share, followed by Conoil (+9.98%), N.E.M. Insurance Company (+9.95%) and FTN Cocoa Processors (+9.68%).
On the losing side, Sovereign Trust Insurance came out last with an end-of-day price depreciation of 7.69% at NGN 0.36 per share, followed by Mutual Benefits Assurance (-5.56%), Nigerian Exchange Group (-4.04%) and Royal Exchange (-4%). United Bank for Africa recorded the highest volume of 59.4 million traded shares, followed by Access Holdings (51.5m), Zenith Bank (50m) and Guaranty Trust Holding (41m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 152.28 (0.29%) points to close at 52,973.88, representing a 1-week gain of 1.51%, a 4-week gain of 1.41%, and an overall year-to-date gain of 3.36%.
Other remarkable indices that performed were the NGX Top 50 Index (+1.04%; +2.9% 1WK; +10.62% YTD), NGX Top 30 Index (+0.3%; +1.85% 1WK; +3.96% YTD), NGX Insurance Index (+2.4%; +3.59% 1WK; +20.22% YTD), NGX Banking Index (+2.14%; +5.63% 1WK; +18.8% YTD), NGX Pension Index (+1.35%; +4.55% 1WK; +17.84% YTD), and NGX Oil & Gas Index (+1.05%; +3.24% 1WK; +21.88% YTD).
