NGX: Equities Market closes on a positive note with market cap N53bn
The Equities Market closed on Tuesday trading session with a gain of N53 billion in market capitalization, as bulls regained dominance on the local bourse as the All Share Index (ASI) grew by 0.19% to close at 48.366.69 points. In the same vein, market capitalization appreciated by N53 billion.
At the end of today’s trading session, a total of 184,656,914 shares in 3,189 deals, corresponding to a market value of NGN 3,571,768,311.99, were traded. Compared with the previous NGX trading day (Monday, December 5), today’s data shows 38% improvement in turnover but 9% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 26.3 trillion.
In the aggregate, 109 NGX listed equities participated in trading, ending with 16 gainers and 13 losers. Honeywell Flour Mill led the gainers with 8.06% share price appreciation closing at NGN 2.28 per share, followed by Champion Breweries (+7.14%), Ecobank Transnational (+4.98%) and Lasaco Assurance (+4.71%).
On the losing side, UPDC came out last with an end-of-day price depreciation of 7.07% at NGN 0.92 per share, followed by Wema Bank (-6.12%), FTN Cocoa Processors (-3.33%) and Wapic Insurance (-2.63%). FBN Holdings recorded the highest volume of 66.1 million traded shares, followed by Transcorp Nigeria (36.6m), Geregu Power (17.5m) and Access Holdings (7.35m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 96.46 (0.2%) points to close at 48,366.69, representing a 1-week gain of 2.21%, a 4-week gain of 11.29%, and an overall year-to-date gain of 13.23%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.27%; +2.59% 1WK; +1.5% YTD), NGX Top 50 Index (-0.16%; +1.54% 1WK; -4.59% YTD), NGX Industrial Index (+1.21%; +2.88% 1WK; +9.48% YTD), NGX Main Board Index (+0.4%; +2.55% 1WK; +20.5% YTD), NGX Insurance Index (+0.17%; +0.74% 1WK; -15.83% YTD), and NGX Consumer Goods Index (+0.14%; +1.15% 1WK; -6.22% YTD).
