NGX: Investors records N180.23bn gain as ASI rises by 0.61%
NGX: Investors records N180.23bn gain as ASI rises by 0.61%
Equities market closed positive as the key market indicator advanced by 330.85 bps amid positive market breadth.
The NGX All-Share Index advanced by 0.61% to close at 54,646.38 basis points as against a 0.23% gain recorded previously to close at 54,315.53 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N180.23bn gain.
At the end of today’s trading session, a total of 142,036,608 shares in 2,651 deals, corresponding to a market value of NGN 1,846,803,647.40, were traded.
Compared with the previous NGX trading day (Wednesday, February 22), today’s data shows 9% improvement in volume, 53% decline in turnover, and 1% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 29.8 trillion.
In the aggregate, 107 NGX listed equities participated in trading, ending with 28 gainers and 10 losers. MRS Oil Nigeria led the gainers with 9.88% share price appreciation closing at NGN 27.80 per share, followed by McNichols (+9.09%), BUA Foods (+8.87%) and Cornerstone Insurance Company (+8.33%).
On the losing side, The Initiates came out last with an end-of-day price depreciation of 9.09% at NGN 0.40 per share, followed by Neimeth International Pharma (-6.45%), Consolidated Hallmark Insurance (-6.15%) and Veritas Kapital Assurance (-4.76%). United Bank for Africa recorded the highest volume of 32.4 million traded shares, followed by Courteville Business Solutions (16m), Zenith Bank (11.5m) and Guaranty Trust Holding (8.62m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 330.85 (0.61%) points to close at 54,646.38, representing a 1-week gain of 0.23%, a 4-week gain of 3.59%, and an overall year-to-date gain of 6.62%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.55%; -0.02% 1WK; +6.21% YTD), NGX Top 50 Index (+0.24%; -0.01% 1WK; +4.68% YTD), NGX Consumer Goods Index (+3.79%; +3.8% 1WK; +9% YTD), NGX Main Board Index (+0.97%; +0.46% 1WK; +4.84% YTD), NGX Insurance Index (+0.4%; +1.12% YTD), and NGX Oil & Gas Index (+0.39%; +1.53% 1WK; +18.63% YTD).
