NGX: Equities market gains N522bn in a day as market cap stands at N27.98 trn
Nigerian equities market maintained positive position at the end of today’s trading session to open the week on a positive note.
The NGX ASI closed at 51,902.48 points, to reflect a growth of 1.90% from the previous trading day and a Year-to-Date (YTD) return of 21.50%. Meanwhile, the market capitalization grew by N521.56 billion.
At the close of market on Monday 9th May 2022, the stock exchange market value currently stands at N27.98 trillion at the end of the trading day.
At the end of the first weekday of trading, a total of 337,564,205 shares in 7,684 deals, corresponding to a market value of NGN 5,554,724,629.61, were traded.
Compared with the previous NGX trading day (Friday, May 6), today’s data shows 28% decline in volume, 5% improvement in turnover, and 3% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 37 gainers and 22 losers. Nigerian Breweries led the gainers with 10% share price appreciation closing at NGN 77.00 per share, followed by Cadbury Nigeria (+9.96%), Royal Exchange (+9.9%) and Champion Breweries (+9.88%).
On the losing side, Transcorp Hotels came out last with an end-of-day price depreciation of 10% at NGN 4.05 per share, followed by Guinness Nigeria (-9.59%), Multiverse Mining & Exploration (-9.09%) and Wapic Insurance (-6.67%). Transcorp Nigeria recorded the highest volume of 37.8 million traded shares, followed by Guaranty Trust Holding (24.8m), Zenith Bank (21.2m) and Access Holdings (19.3m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 967.45 (1.9%) points to close at 51,902.48, representing a 1-week gain of 6.28%, a 4-week gain of 10.96%, and an overall year-to-date gain of 21.5%. Other remarkable indices that performed were the NGX Top 30 Index (+2.32%; +6.6% 1WK; +15.8% YTD), NGX Top 50 Index (+0.93%; +4.9% 1WK; +13.02% YTD), NGX Premium Index (+3.57%; +6.82% 1WK; +22.3% YTD), NGX Consumer Goods Index (+2.15%; +10.95% 1WK; +14.88% YTD), NGX Pension Index (+1.59%; +4.17% 1WK; +18.12% YTD), and NGX Main Board Index (+0.49%; +5.86% 1WK; +23.98% YTD).
