NGX: Equities Market closed flat as the key market indicator advanced by 0.25bps
The NGX All-Share Index closed flat at 44,269.43 basis points as against 0.07% gain recorded previously to close at 44,269.18 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N134.34mln gain.
At the end of the first weekday of trading, a total of 103,266,202 shares in 3,206 deals, corresponding to a market value of NGN 2,138,772,675.43, were traded. Compared with the previous NGX trading day (Friday, November 4), today’s data shows 71% decline in volume, 52% decline in turnover, and 8% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 24.1 trillion.
In the aggregate, 106 NGX listed equities participated in trading, ending with 11 gainers and 18 losers. Royal Exchange led the gainers with 9.72% share price appreciation closing at NGN 0.79 per share, followed by Cutix (+6.83%), United Capital (+5.73%) and Linkage Assurance (+2.56%).
On the losing side, Learn Africa came out last with an end-of-day price depreciation of 9.52% at NGN 1.52 per share, followed by RT Briscoe (-9.09%), Cornerstone Insurance Company (-9.09%) and FTN Cocoa Processors (-8.82%). Zenith Bank recorded the highest volume of 15.1 million traded shares, followed by Geregu Power (11.1m), Guaranty Trust Holding (8.87m) and FBN Holdings (7.39m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 0.25 points to close at 44,269.43, representing a 1-week gain of 0.98%, a 4-week loss of 6.51%, but an overall year-to-date gain of 3.64%. Other remarkable indices that performed were the NGX Top 30 Index (+0.08%; +1.38% 1WK; -7% YTD), NGX Top 50 Index (+0.05%; +1.56% 1WK; -8.1% YTD), NGX Banking Index (+0.48%; -0.6% 1WK; -8.2% YTD), NGX Pension Index (+0.32%; -0.04% 1WK; -0.54% YTD), NGX Premium Index (+0.13%; +2.57% 1WK; +3.63% YTD), and NGX Industrial Index (+0.01%; +5.36% 1WK; -0.92% YTD).
