NGX: Investors gain N252.81bn WoW as ASI Inches Up by 1.12% to close the week positive
NGX : Investors lose N83.13bn as ASI nosedives by -0.38% to open the week negative
Equities market closed on a negative note as NGXASI depreciated by -0.38% to close at 42,008.60 basis points as against -0.19% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +4.32%.
WAPCO Plc led top losers as share price depreciated by 9.94% to close at N22.20 per share, taking the market capitalization from N397.06 billion to N357.59 billion.
WAPCO Plc, today recorded a loss in share price which can be attributed to investors’ negative sentiment which triggered sell-offs in the shares of the company supporting a loss of N39.46 billion in market capitalization at the close of trading activities on Nigeria’s stock exchange.
Market turnover closes positive as volume moved up by +133.31% as against -44.15% downtick recorded in the previous session. FBNH, STERLING, and GUARANTY were the most active to boost market turnover. FBNH and GUARANTY topped market value list.
The NGX Industrial Goods Index depreciated by 0.04% to close the day at 2,193.07 points from 2,193.85 index points.
At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 422,180,395 shares in 5,059 deals, corresponding to a market value of NGN 4,470,541,272.41, were traded.
Compared with the previous NGX trading day (Friday, December 3), today’s data shows 133% improvement in volume, 84% improvement in turnover, and 26% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 21.9 trillion.
In the aggregate, 112 NGX equities participated in trading, ending with 10 gainers and 24 losers. Royal Exchange led the gainers with 9.43% share price appreciation closing at NGN 0.58 per share, followed by UPDC (+9.09%), Consolidated Hallmark Insurance (+9.09%) and Meyer (+9.09%). On the losing side, Lafarge WAPCO came out last with an end-of-day price depreciation of 9.94% at NGN 22.20 per share, followed by Linkage Assurance (-8.93%), Associated Bus Company (-8.82%) and Vitafoam Nigeria (-8.68%). FBN Holdings recorded the highest volume of 129 million traded shares, followed by Sterling Bank (77.8m), Guaranty Trust Holding (47.8m) and United Capital (21m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 159.31 (-0.38%) points to close at 42,008.60, representing a 1-week loss of 2.92%, a 4-week loss of 2.86%, but an overall year-to-date gain of 4.32%. Other remarkable indices that performed were the NGX Top 50 Index (-0.26%; -1.22% 1WK; +2.78% YTD), NGX Top 30 Index (-0.53%; -3.68% 1WK; +2.58% YTD), NGX Premium Index (-0.6%; -5.34% 1WK; +16.49% YTD), NGX ASeM Index (+0%; -8.11% YTD), NGX Oil & Gas Index (-0.11%; -4.12% 1WK; +53.78% YTD), and NGX Consumer Goods Index (-0.34%; -0.69% 1WK; -5.02% YTD).
