L – R (B) shows Oluwatoyin Adenugba, Head, Rule and Adjudication, NGX Regulation Limited; Olubunmi Osuntuyi, Secretary General, International Chamber of Commerce, Nigeria (ICC Nigeria); Omolara Akanji, Council Member, ICC Nigeria; John W.H. Denton, Secretary General, International Chamber of Commerce (ICC); Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited, NGX; Babatunde Savage, Chairman, International Chamber of Commerce, Nigeria (ICC Nigeria); Irene Robinson-Ayanwale, Divisional Head, Business Support Services and General Counsel, NGX; Raymond Ihyembe, Board Member, ICC Nigerian and Dorothy Udeme Ufot, SAN, Chairman, ICCN Commission on Arbitration and ADR during a Closing Gong Ceremony in commemoration of ICC Centenary Celebration in Lagos on Thursday, June 1, 2023.
NGX: Bullish momentum continues as ASI appreciates marginally by 0.02% to close the week
Nigeria Equities Market closed positive on Friday as the NGX-ASI increased marginally by 0.03% to close at 55,822.82 compared to 55,808.25 recorded at the close of the previous trading day; indicating a YTD return of +8.92%.
Market capitalization increased by N7.94 billion to N30.3958trillion from N30.3879 trillion recorded at the close of the previous trading day, while the market turnover rose to N6.12 billion from N5.73 billion recorded at the close of the previous trading day.
At the end of the last weekday of trading , a total of 455,760,646 shares in 7,457 deals, corresponding to a market value of NGN 6,117,545,328.59, were traded.
Compared with the previous NGX trading day (Thursday, June 1), today’s data shows 17% improvement in volume, 7% improvement in turnover, but 3% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 30.4 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 29 gainers and 28 losers. Stanbic IBTC Holdings led the gainers with 10% share price appreciation closing at NGN 44.00 per share, followed by MRS Oil Nigeria (+9.92%), Conoil (+9.73%) and Eterna (+9.47%).
On the losing side, FTN Cocoa Processors came out last with an end-of-day price depreciation of 9.59% at NGN 0.66 per share, followed by UPDC (-8.93%), Chams (-8.89%) and Mutual Benefits Assurance (-7.69%). FBN Holdings recorded the highest volume of 103 million traded shares, followed by Access Holdings (55.7m), United Bank for Africa (48.8m) and Zenith Bank (21.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 12.25 (0.02%) points to close at 55,820.50, representing a 1-week gain of 5.68%, a 4-week gain of 6.75%, and an overall year-to-date gain of 8.92%. Other remarkable indices that performed were the NGX Top 50 Index (+0.12%; +7.17% 1WK; +17.32% YTD), NGX Top 30 Index (-0.1%; +5.77% 1WK; +9.62% YTD), NGX Oil & Gas Index (+2.15%; +11.62% 1WK; +34.62% YTD), NGX Insurance Index (+0.38%; +3.64% 1WK; +21.67% YTD), NGX Main Board Index (+0.22%; +4.6% 1WK; +4.44% YTD), and NGX Consumer Goods Index (+0.09%; +8.97% 1WK; +43.77% YTD).
