NGX: Investors gain N32.3021trn as ASI appreciates 0.36%
Bullish sentiment continues as Nigeria’s Equities Market closed positive on Wednesday pushing up the NGX-ASI by 0.36% to close at 59,323.95 compared to 59,110.02 recorded at the close of the previous trading day; indicating a YTD return of +15.75%.
The market capitalization increased by N116.49 billion to N32.3021 trillion from N32.1857 trillion recorded at the close of the previous trading day, while the market turnover decreased to N6.10 billion from N8.96 billion recorded at the close of the previous trading day.
At the end of today’s trading session , a total of 643,031,260 shares in 7,806 deals, corresponding to a market value of NGN 6,107,983,766.39, were traded. Compared with the previous NGX trading day (Tuesday, June 20), today’s data shows 9% improvement in volume, 32% decline in turnover, and 6% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 32.3 trillion.
In the aggregate, 127 NGX listed equities participated in trading, ending with 44 gainers and 25 losers. Afromedia led the gainers with 10% share price appreciation closing at NGN 0.22 per share, followed by E-Tranzact International (+9.91%), FTN Cocoa Processors (+9.88%) and Neimeth International Pharma (+9.88%).
On the losing side, Jaiz Bank came out last with an end-of-day price depreciation of 10% at NGN 1.53 per share, followed by Meyer (-9.88%), Ikeja Hotel (-9.86%) and Tantalizers (-9.09%). Universal Insurance Company recorded the highest volume of 141 million traded shares, followed by Guaranty Trust Holding (44.9m), Japaul Gold and Ventures (37.7m) and United Bank for Africa (31.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 213.93 (0.36%) points to close at 59,323.95, representing a 1-week loss of 1.1%, a 4-week gain of 13.28%, and an overall year-to-date gain of 15.75%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.44%; -7.14% 1WK; +16.49% YTD), NGX Top 50 Index (-0.03%; -1.2% 1WK; +26.63% YTD), NGX Insurance Index (+1.93%; -11.17% 1WK; +58.71% YTD), NGX Oil & Gas Index (+1.84%; -0.56% 1WK; +60.92% YTD), NGX Industrial Index (+1.84%; +0.87% 1WK; +3.06% YTD), and NGX Main Board Index (+0.63%; +0.45% 1WK; +11.62% YTD).
