L – R (A) shows Dr. Olufemi Oyenuga, Chief Digital Officer, Nigerian Exchange Limited (NGX); Robert Laforte, Co-Head Fixed Income, StoneX Nigeria; James McAuslan, Head of Securities, EMEA StoneX Group; Femi Fowora, Chairman of StoneX Nigeria; Temi Popoola, Chief Executive Officer, NGX; Philip Smith, Chief Executive Officer EMEA, StoneX Group; Sunday Essen, Managing Director/Chief Executive Officer, StoneX Nigeria; Anthony Diciollo, Co-Head Fixed Income, StoneX Group; Sameer Jaggi, Senior Vice President, Global payments Division, StoneX Group; Stuart Ponder, Senior Vice President, Global payments Division, StoneX Group; Irene Robinson-Ayanwale, Divisional Head, Business Support Services, NGX; Afamefuna Umeh, Head, Fixed Income Sub-Sahara Africa StoneX Nigeria and Ikechukwu Uwanna, Company Secretary, StoneX Nigeria during the Closing Gong Ceremony by StoneX Group in honour of Mr Philip Smith, Chief Executive Officer, EMEA, StoneX Group at the Exchange on Wednesday, May 17, 2023 in Lagos.
NGX: Investors gain N87.95bn as ASI appreciates by 0.31%
Equities Market activities closed positive on Wednesday as the NGX-ASI increased by 0.31% to close at 52,580.86 compared to 52,419.33 recorded at the close of the previous trading day; indicating a YTD return of +2.59%.
Similarly, the market capitalization increased by N88.00 billion to N28.631 trillion from N28.543 trillion recorded at the close of the previous trading day, while the market turnover increased to N7.89billion from N6.79 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 680,796,099 shares in 6,666 deals, corresponding to a market value of NGN 7,892,431,916.04, were traded. Compared with the previous NGX trading day (Tuesday, May 16), today’s data shows 18% improvement in volume, 16% improvement in turnover, and 9% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.6 trillion.
In the aggregate, 115 NGX listed equities participated in trading, ending with 29 gainers and 19 losers. MRS Oil Nigeria led the gainers with 9.93% share price appreciation closing at NGN 37.10 per share, followed by Nigerian Breweries (+9.63%), Cornerstone Insurance Company (+9.46%) and FTN Cocoa Processors (+8.82%).
On the losing side, Consolidated Hallmark Insurance came out last with an end-of-day price depreciation of 7.69% at NGN 0.60 per share, followed by May & Baker Nigeria (-6.74%), Sovereign Trust Insurance (-6.52%) and Transcorp Nigeria (-5.23%). Fidelity Bank recorded the highest volume of 254 million traded shares, followed by Access Holdings (113m), Transcorp Nigeria (63.4m) and Guaranty Trust Holding (60m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 161.53 (0.31%) points to close at 52,580.86, representing a 1-week gain of 0.71%, a 4-week gain of 1.3%, and an overall year-to-date gain of 2.59%.
Other remarkable indices that performed were the NGX Top 50 Index (+1.06%; +2.05% 1WK; +7.08% YTD), NGX Top 30 Index (+0.17%; +1.28% 1WK; +3.13% YTD), NGX Consumer Goods Index (+1.09%; +1.75% 1WK; +28.64% YTD), NGX Pension Index (+0.97%; +2.23% 1WK; +12.52% YTD), NGX Banking Index (+0.96%; +0.89% 1WK; +11.56% YTD), and NGX Oil & Gas Index (+0.49%; +2.48% 1WK; +19.78% YTD).
