Nigeria’s equities market continues on bearish trend as NGX-ASI declines by 0.31%
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L – R Chief Executive Officer, NGX Regulation Limited (NGX RegCo), Mr. Olufemi Shobanjo; Chief Executive Officer, Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka; Group Managing Director/CEO, NGX Group, Mr. Temi Popoola; Group Chief Executive Officer, FCMB Group, Mr. Ladi Balogun; Executive Director, Coverage and Investment, FCMB Group, Mr Femi Badejo and Executive Director/Group Chief Operating Officer, FCMB Group, Mr. Gbolahan Joshua during FCMB Group Facts Behind the Offer Presentation at NGX today in Lagos
Nigeria’s equities market closed negative on Tuesday as the NGX-ASI decreased to 97,830.65 from 98,132.15 recorded at the close of the previous trading day; indicating a YTD return of +30.84%.
Market capitalization also decreased by N171 billion to N55.546 trillion from N55.717 trillion recorded at the close of the previous trading day. The market turnover also decreased to N8.000 billion from N8.707 billion.
At the end of today’s trading session , a total of 399,385,857 shares in 10,447 deals, corresponding to a market value of NGN 8,000,964,363.50, were traded. Compared with the previous NGX trading day (Monday, July 29), today’s data shows 5% improvement in volume, 8% decline in turnover, but 3% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.6 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 19 gainers and 37 losers. Associated Bus Company led the gainers with 10% share price appreciation closing at NGN 0.77 per share, followed by Oando (+9.84%), Ikeja Hotel (+9.7%) and RT Briscoe (+9.59%). On the losing side, United Capital came out last with an end-of-day price depreciation of 9.92% at NGN 34.05 per share, followed by Nestle Nigeria (-9.78%), Thomas Wyatt Nigeria (-9.72%) and Academy Press (-9.6%). Zenith Bank recorded the highest volume of 44.2 million traded shares, followed by Prestige Assurance Company (35.6m), United Bank for Africa (27.3m) and Veritas Kapital Assurance (25.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 301.50 (-0.31%) points to close at 97,830.65, representing a 1-week loss of 2.64%, a 4-week loss of 2.24%, but an overall year-to-date gain of 30.84%. Other remarkable indices that performed were the NGX Top 30 Index (-0.23%; -2.71% 1WK; +29.75% YTD), NGX Oil & Gas Index (+0.35%; +1.15% 1WK; +45.73% YTD), NGX Industrial Index (+0%; -5.89% 1WK; +63.5% YTD), NGX Main Board Index (-0.25%; -0.25% 1WK; +37.09% YTD), NGX Premium Index (-0.4%; -6.55% 1WK; +26.2% YTD), and NGX Pension Index (-0.81%; -3.42% 1WK; +12.5% YTD).