NGX: Investors record N277.31bn gain as ASI grows by 0.95%
Equities Market closed positive as the key market indicator inched up by 499.95 bps amid positive market breadth.
The NGX All-Share Index inched up by 0.95% to close at 53,157.83 basis points as against 0.18% loss recorded previously to close at 52,657.88 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N277.31bn gain
At the end of the first weekday of trading, a total of 201,359,381 shares in 4,332 deals, corresponding to a market value of NGN 5,666,341,555.86, were traded.
Compared with the previous NGX trading day (Friday, January 27), today’s data shows 18% improvement in volume, 142% improvement in turnover, and 20% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 29 trillion.
In the aggregate, 112 NGX listed equities participated in trading, ending with 28 gainers and 15 losers. Geregu Power led the gainers with 10% share price appreciation closing at NGN 176.00 per share, followed by John Holt (+10%), Nigerian Aviation Handling Co. (+9.62%) and International Energy Insurance (+9.52%). On the losing side, Wapic Insurance came out last with an end-of-day price depreciation of 8.89% at NGN 0.41 per share, followed by Tripple Gee & Co. (-8.57%), Royal Exchange (-7.14%) and Honeywell Flour Mill (-6.44%). Zenith Bank recorded the highest volume of 36.8 million traded shares, followed by Guaranty Trust Holding (23.3m), Transcorp Nigeria (17.1m) and United Bank for Africa (11.5m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 499.95 (0.95%) points to close at 53,157.83, representing a 1-week gain of 0.95%, a 4-week gain of 3.72%, and an overall year-to-date gain of 3.72%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.76%; +0.66% 1WK; +3.78% YTD), NGX Top 50 Index (+0.39%; +1.28% 1WK; +4.3% YTD), NGX Main Board Index (+1.53%; +1.88% 1WK; +3.76% YTD), NGX Pension Index (+0.75%; +1.02% 1WK; +4.86% YTD), NGX Banking Index (+0.66%; +2.2% 1WK; +7.54% YTD), and NGX Consumer Goods Index (+0.24%; -0.98% 1WK; +5.82% YTD)..
