Investors lose N191.92bn as NGX-ASI depreciates by 0.49%
Nigeria’s Equities Market closed negative Thursday by 0.49% as the NGX-ASI decreased to71,457.92 from 71,808.64 recorded at the close of the previous trading day; indicating a YTD return of +39.43%.
Market capitalization decreased by N191.92 billion to N39.10 trillion from N39.29 trillion recorded at the close of the previous trading day, the market turnover also decreased to N7.47 billion from N12.10 billion.
At the end of today’s trading session, a total of 436,557,482 shares in 7,096 deals, corresponding to a market value of NGN 7,548,387,241.43, were traded. Compared with the previous NGX trading day (Wednesday, December 6), today’s data shows 37% decline in volume, 38% decline in turnover, and 16% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 39.1 trillion.
In the aggregate, 126 NGX listed equities participated in trading, ending with 24 gainers and 29 losers. Multiverse Mining & Exploration led the gainers with 9.91% share price appreciation closing at NGN 8.54 per share, followed by AXA Mansard Insurance (+9.76%), SCOA Nigeria (+9.76%) and Infinity Trust Mortgage Bank (+9.52%).
On the losing side, FBN Holdings came out last with an end-of-day price depreciation of 9.86% at NGN 26.50 per share, followed by Secure Electronic Technology (-9.64%), Deap Capital Management & Trust (-9.46%) and Champion Breweries (-7.04%). Universal Insurance Company recorded the highest volume of 52.7 million traded shares, followed by Veritas Kapital Assurance (44.6m), Nigerian Breweries (37.5m) and Access Holdings (34.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 350.72 (-0.49%) points to close at 71,457.92, representing a 1-week gain of 0.13%, a 4-week gain of 0.9%, and an overall year-to-date gain of 39.43%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.5%; +0.09% 1WK; +42.61% YTD), NGX Top 50 Index (-1.24%; +2.32% 1WK; +50.17% YTD), NGX Insurance Index (+1.83%; -1.75% 1WK; +70.61% YTD), NGX Consumer Goods Index (+0.03%; -0.02% 1WK; +93.86% YTD), NGX Oil & Gas Index (+0%; +0.04% 1WK; +126.4% YTD), and NGX Industrial Index (-0.01%; -2.45% 1WK; +12.94% YTD).
