NGX: Investors gain N98.7bn as ASI appreciates  by 0.35%

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 The Nigeria’s Equities Market closed positive on Monday as the NGX-ASI increased by 0.35% to close at 52,369.13 compared to 52,187.93 recorded at the close of the previous trading day; indicating a YTD return of +2.18%.

The market capitalization rose  by N98.7 billion to N28.5153 trillion from N28.4166 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.05 billion from N8.19 billion recorded at the close of the previous trading day.

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At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 315,690,226 shares in 5,846 deals, corresponding to a market value of NGN 4,033,161,312.05, were traded. Compared with the previous NGX trading day (Friday, May 19), today’s data shows 46% decline in volume, 39% decline in turnover, but 10% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.5 trillion.

In the aggregate, 116 NGX listed equities participated in trading, ending with 31 gainers and 15 losers. Ikeja Hotel led the gainers with 9.85% share price appreciation closing at NGN 2.23 per share, followed by Academy Press (+9.8%), Prestige Assurance Company (+9.76%) and NPF Microfinance Bank (+9.71%).

On the losing side, NCR Nigeria came out last with an end-of-day price depreciation of 9.71% at NGN 2.79 per share, followed by Sovereign Trust Insurance (-8.89%), Neimeth International Pharma (-7.33%) and Ardova (-6.95%). Zenith Bank recorded the highest volume of 53.4 million traded shares, followed by Access Holdings (48m), United Bank for Africa (31.1m) and AXA Mansard Insurance (23.6m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 181.20 (0.35%) points to close at 52,369.13, representing a 1-week gain of 0.26%, a 4-week gain of 2.27%, and an overall year-to-date gain of 2.18%.

Other remarkable indices that performed were the NGX Top 50 Index (+0.56%; +2.97% 1WK; +8.1% YTD), NGX Top 30 Index (+0.35%; +0.07% 1WK; +2.43% YTD), NGX Insurance Index (+1.34%; +8.14% 1WK; +17.62% YTD), NGX Banking Index (+0.89%; +3.82% 1WK; +13.46% YTD), NGX Pension Index (+0.68%; +3.01% 1WK; +13.47% YTD), and NGX Premium Index (+0.48%; +1.18% 1WK; +13.37% YTD).

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