Investors records N457.02bn loss as NGX-ASI declines by 0.80%
Nigeria’s Equities Market closed negative on Wednesday by 0.80% as the NGX-ASI decreased to 99,908.89 from 100,717.21 recorded at the close of the previous trading day; indicating a YTD return of +33.61%
Market capitalization decreased by N457.02 billion to N56,504.98trillion from N56,962.00 recorded at the close of the previous trading day, Also, the market turnover decreased to N5.820 billion from N8.381 billion.
At the end of today’s trading session, a total of 322,655,565 shares in 9,074 deals, corresponding to a market value of NGN 5,820,462,167.09, were traded. Compared with the previous NGX trading day (Tuesday, April 16), today’s data shows 20% decline in volume, 31% decline in turnover, and 11% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.5 trillion.
In the aggregate, 126 NGX listed equities participated in trading, ending with 17 gainers and 28 losers. Ikeja Hotel led the gainers with 10% share price appreciation closing at NGN 7.26 per share, followed by Fidelity Bank (+9.88%), Academy Press (+9.77%) and Morison Industries (+9.71%). On the losing side, Livestock Feeds came out last with an end-of-day price depreciation of 10% at NGN 1.44 per share, followed by Computer Warehouse Group (-9.79%), International Energy Insurance (-9.79%) and FTN Cocoa Processors (-9.72%). United Bank for Africa recorded the highest volume of 55 million traded shares, followed by Zenith Bank (47m), Access Holdings (45m) and Universal Insurance Company (21.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 100.55 (0.1%) points to close at 99,908.89, representing a 1-week loss of 3.41%, a 4-week loss of 3.94%, but an overall year-to-date gain of 33.61%. Other remarkable indices that performed were the NGX Top 30 Index (+0.15%; -3.51% 1WK; +32.63% YTD), NGX Banking Index (+1.1%; -14.97% 1WK; -8.99% YTD), NGX Pension Index (+0.6%; -7.29% 1WK; +8.4% YTD), NGX Insurance Index (+0.58%; -5.57% 1WK; +18.16% YTD), NGX Premium Index (+0.32%; -3.06% 1WK; +35.27% YTD), and NGX Industrial Index (-0%; -2.93% 1WK; +72.79% YTD).
