NGX closes bullish as market cap increases by N252.42bn
NGX: Investors record N556.93bn gain as ASI appreciates by +1.99%
Nigerian Stock Market closed positive at the end of today’s trading session, erasing the previous day loss.
The NGX All-Share index inched up by +1.99% to close at 52,838.45 basis points as against the -0.19% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N556.93bn loss
YTD, the NGXASI Stands at +23.70%
The total volume traded advanced by +25.90% to close at 417.39mln, valued at N7.33bn and traded in 7,255 deals. JAIZBANK was the most traded stock by volume with 40.44 million units traded, while MTNN was the most traded stock by value which is put at N1.29 billion.
At the end of today’s trading session, a total of 417,386,362 shares in 7,255 deals, corresponding to a market value of NGN 7,331,203,466.87, were traded.
Compared with the previous NGX trading day (Tuesday, May 10), today’s data shows 26% improvement in volume, 46% improvement in turnover, and 8% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.5 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 43 gainers and 27 losers. Computer Warehouse Group led the gainers with 10% share price appreciation closing at NGN 0.99 per share, followed by Okomu Oil Palm (+10%), Champion Breweries (+9.93%) and McNichols (+9.9%).
On the losing side, Ikeja Hotel came out last with an end-of-day price depreciation of 10% at NGN 1.17 per share, followed by BUA Foods (-10%), Eterna (-9.92%) and Northern Nigeria Flour Mills (-9.5%). Jaiz Bank recorded the highest volume of 40.4 million traded shares, followed by Transcorp Nigeria (35.4m), International Breweries (25.4m) and Unilever Nigeria (24.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 1,033.04 (1.99%) points to close at 52,838.45, representing a 1-week gain of 5.41%, a 4-week gain of 13.52%, and an overall year-to-date gain of 23.7%. Other remarkable indices that performed were the NGX Top 30 Index (+2.94%; +6.87% 1WK; +18.76% YTD), NGX Top 50 Index (+1.77%; +4.58% 1WK; +15.83% YTD), NGX Premium Index (+4.54%; +9.43% 1WK; +26.17% YTD), NGX Pension Index (+1.55%; +4.5% 1WK; +19.96% YTD), NGX Consumer Goods Index (+1.48%; +8.42% 1WK; +17.48% YTD), and NGX Industrial Index (+1.41%; +1.93% 1WK; +14.21% YTD).
