NGX: Investors record N517.11bn gain as ASI appreciates by 2.04%
Nigerian Equities Market closed positive as the key market indicator advanced by 949.4bps amid positive market breadth.
The NGX All-Share Index advanced by 2.04% to close at 47,554.34 basis points as against 0.81%gain recorded previously to close at 46,604.94 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N517.11bn gain.
At the end of the last weekday of trading, a total of 98,984,050 shares in 2,780 deals, corresponding to a market value of NGN 5,522,744,731.04, were traded.
Compared with the previous NGX trading day (Thursday, November 24), today’s data shows 29% decline in volume, 154% improvement in turnover, but 19% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.9 trillion.
In the aggregate, 101 NGX listed equities participated in trading, ending with 18 gainers and eight losers. Red Star Express led the gainers with 9.66% share price appreciation closing at NGN 2.27 per share, followed by Regency Alliance Insurance (+8.7%), Livestock Feeds (+8.16%) and Prestige Assurance Company (+7.5%).
On the losing side, Nestle Nigeria came out last with an end-of-day price depreciation of 10% at NGN 963.90 per share, followed by Capital Hotel (-10%), International Breweries (-2.27%) and Guaranty Trust Holding (-1.48%). FCMB Group recorded the highest volume of 16.8 million traded shares, followed by MTN Nigeria (16.4m), Fidelity Bank (7.54m) and Zenith Bank (6.39m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) soared 949.40 (2.04%) points to close at 47,554.34, representing a 1-week gain of 6.88%, a 4-week gain of 8.29%, and an overall year-to-date gain of 11.33%.
Other remarkable indices that performed were the NGX Top 30 Index (+1.92%; +6.59% 1WK; -0.46% YTD), NGX Top 50 Index (-1.07%; +1.73% 1WK; -5.38% YTD), NGX Main Board Index (+2.06%; +7.1% 1WK; +18.48% YTD), NGX Premium Index (+2.02%; +6.61% 1WK; +11.09% YTD), NGX Insurance Index (+1.1%; +5.06% 1WK; -17.76% YTD), and NGX Industrial Index (+0.26%; +9.45% 1WK; +7.71% YTD).
