NGX: Investors gain N991.81bn as ASI increases by 3.13%
Nigeria Equities Market closed positive Wednesday as the NGX-ASI increased by 3.13% to close at 59,985.10 compared to 58,163.59 recorded at the close of the previous trading day; indicating a YTD return of +13.49%.
Market capitalization increased by N991.81 billion to N32.6621 trillion from N31.6704trillion recorded at the close of the previous trading day, while the market turnover increased to N21.08 billion from N19.23 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 1,296,655,522 shares in 11,947 deals, corresponding to a market value of NGN 21,080,063,470.98, were traded. Compared with the previous NGX trading day (Tuesday, June 13), today’s data shows 9% improvement in volume, 10% improvement in turnover, and 15% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 32.7 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 70 gainers and 13 losers. Seplat Petroleum Development Co. led the gainers with 10% share price appreciation closing at NGN 1,320.00 per share, followed by MTN Nigeria (+10%), Dangote Sugar Refinery (+10%) and FBN Holdings (+10%).
On the losing side, Pharma-Deko came out last with an end-of-day price depreciation of 9.65% at NGN 2.06 per share, followed by Computer Warehouse Group (-9.44%), Northern Nigeria Flour Mills (-8.66%) and BUA Cement (-6.52%). United Bank for Africa recorded the highest volume of 231 million traded shares, followed by Guaranty Trust Holding (125m), Zenith Bank (119m) and Access Holdings (92.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) soared 1,821.51 (3.13%) points to close at 59,985.10, representing a 1-week gain of 7.04%, a 4-week gain of 14.85%, and an overall year-to-date gain of 17.04%.
Other remarkable indices that performed were the NGX Top 30 Index (+9.81%; +14.22% 1WK; +25.45% YTD), NGX Top 50 Index (+4.7%; +9.3% 1WK; +28.17% YTD), NGX Banking Index (+26.52%; +38.81% 1WK; +73.34% YTD), NGX Insurance Index (+22.98%; +44.13% 1WK; +78.67% YTD), NGX Pension Index (+18.08%; +25.89% 1WK; +55.21% YTD), and NGX Oil & Gas Index (+16.01%; +16.04% 1WK; +61.83% YTD).
