NGX: Equities Market loses N440bn as ASI depreciates by 1.82%
Equities Market closed in the red zone as the key market indicator declined by 807.83bps amid negative market breadth
The NGX All-Share Index declined by 1.82% to close at 43,461.60 basis points as against 0.07% gain recorded previously to close at 44,269.43 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N440.00bn loss.
At the end of today’s trading session, a total of 249,911,758 shares in 3,283 deals, corresponding to a market value of NGN 2,501,685,579.80, were traded.
Compared with the previous NGX trading day (Monday, November 7), today’s data shows 142% improvement in volume, 17% improvement in turnover, and 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 23.7 trillion.
In the aggregate, 107 NGX listed equities participated in trading, ending with 13 gainers and 19 losers. Unity Bank led the gainers with 10% share price appreciation closing at NGN 0.44 per share, followed by Thomas Wyatt Nigeria (+8.57%), Jaiz Bank (+6.38%) and Fidson Healthcare (+5.76%).
On the losing side, Guinness Nigeria came out last with an end-of-day price depreciation of 9.95% at NGN 74.65 per share, followed by Custodian & Allied (-9.32%), Dangote Cement (-8.33%) and Courteville Business Solutions (-8%). Access Holdings recorded the highest volume of 129 million traded shares, followed by FBN Holdings (19.5m), Transcorp Nigeria (17.4m) and Fidelity Bank (14.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) declined 807.83 (-1.82%) points to close at 43,461.60, representing a 1-week loss of 0.65%, a 4-week loss of 8.63%, but an overall year-to-date gain of 1.74%. Other remarkable indices that performed were the NGX Top 30 Index (-2.2%; -0.87% 1WK; -9.05% YTD), NGX Top 50 Index (-2.55%; -0.9% 1WK; -10.44% YTD), NGX Oil & Gas Index (+0.56%; -0.94% 1WK; +32.51% YTD), NGX Main Board Index (-0.11%; -0.37% 1WK; +9.93% YTD), NGX Banking Index (-0.17%; -0.83% 1WK; -8.35% YTD), and NGX Consumer Goods Index (-0.58%; -0.99% 1WK; -6.11% YTD).
