NGX: Investors lose N134bn as ASI declines by 0.48%
Equities trading on the floor of the Nigerian Exchange (NGX) closed with a loss of N134 billion in market capitalization, as bears regained their grip on the local bourse.
The All Share Index (ASI) decreased by 0.48% to close at 51,446.6 points.
At the end of today’s trading session, a total of 345,491,299 shares in 4,184 deals, corresponding to a market value of NGN 8,290,576,907.64, were traded. Compared with the previous NGX trading day (Monday, January 9), today’s data shows 51% improvement in volume, 185% improvement in turnover, and 7% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28 trillion.
In the aggregate, 110 NGX listed equities participated in trading, ending with 18 gainers and 16 losers. Thomas Wyatt Nigeria led the gainers with 9.43% share price appreciation closing at NGN 1.16 per share, followed by Mutual Benefits Assurance (+7.14%), Academy Press (+5.65%) and Lasaco Assurance (+4.44%).
On the losing side, N.E.M. Insurance Company came out last with an end-of-day price depreciation of 10% at NGN 4.05 per share, followed by Chellarams (-9.9%), Champion Breweries (-9.58%) and Cornerstone Insurance Company (-6.67%). FBN Holdings recorded the highest volume of 151 million traded shares, followed by BUA Cement (30.5m), Zenith Bank (25.5m) and Fidelity Bank (18.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 246.48 (-0.48%) points to close at 51,446.60, representing a 1-week loss of 0.29%, a 4-week gain of 6.37%, and an overall year-to-date gain of 0.38%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.82%; +1.46% 1WK; +1.77% YTD), NGX Top 30 Index (-0.31%; +0.04% 1WK; +0.67% YTD), NGX Industrial Index (+1.54%; +0.96% 1WK; +0.96% YTD), NGX Premium Index (+1.19%; +1.37% 1WK; +1.79% YTD), NGX Banking Index (+0.07%; +0.38% 1WK; +2.98% YTD), and NGX Oil & Gas Index (+0%; +0.08% 1WK; +0.06% YTD).
