Investors record N27.81bn loss as NGX-ASI depreciates by 0.08%
Nigeria’s equities market closed negative on Wednesday by 0.08% as the NGX-ASI decreased to 66,439.53 from 66,490.34 recorded at the close of the previous trading day; indicating a YTD return of +29.64%.
Market capitalization decreased by N27.86 billion to N36.362 trillion from N36.391 trillion recorded at the close of the previous trading day, while the market turnover increased to N7.79 billion from N7.01 billion recorded at the close of the previous trading day.
At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 637,193,765 shares in 10,033 deals, corresponding to a market value of NGN 7,790,985,323.99, were traded. Compared with the previous NGX trading day (Tuesday, August 29), today’s data shows 46% improvement in volume, 11% improvement in turnover, and 26% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 36.4 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 27 gainers and 24 losers. Capital Hotel led the gainers with 10% share price appreciation closing at NGN 2.75 per share, followed by Consolidated Hallmark Insurance (+10%), University Press (+9.77%) and Champion Breweries (+9.72%).
On the losing side, Transcorp Nigeria came out last with an end-of-day price depreciation of 9.99% at NGN 6.31 per share, followed by Computer Warehouse Group (-9.88%), Ikeja Hotel (-9.84%) and FTN Cocoa Processors (-8.11%). Transcorp Nigeria recorded the highest volume of 292 million traded shares, followed by Access Holdings (26.7m), Dangote Sugar Refinery (24.5m) and Jaiz Bank (18.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 50.81 (-0.08%) points to close at 66,439.53, representing a 1-week gain of 1.45%, a 4-week gain of 3.38%, and an overall year-to-date gain of 29.64%.
Other remarkable indices that performed were the NGX Top 50 Index (-0.36%; +1.49% 1WK; +44.59% YTD), NGX Top 30 Index (-0.4%; +1.92% 1WK; +32.81% YTD), NGX Insurance Index (+1.46%; -0.59% 1WK; +54.73% YTD), NGX Consumer Goods Index (+0.32%; +9.44% 1WK; +82.57% YTD), NGX Industrial Index (+0.11%; +0.29% 1WK; +19.04% YTD), and NGX Oil & Gas Index (-0.02%; +0.05% 1WK; +92.78% YTD).
