Equities Market gains N440 bn as NGX-ASI appreciates by 1.33%
Nigeria’s Equities Market closed positive on Wednesday as the NGX-ASI increased by 1.33% to close at 61,523.57 compared to 60,715.04 recorded at the close of the previous trading day; indicating a YTD return of +20.04%.
Market capitalization increased by N440 billion to N33.5002 trillion from N33.0598 trillion recorded at the close of the previous trading day, while the market turnover decreased to N10.30 billion from N12.21 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 846,323,158 shares in 9,815 deals, corresponding to a market value of NGN 10,305,982,239.92, were traded.
Compared with the previous NGX trading day (Tuesday, July 4), today’s data shows 24% decline in volume, 16% decline in turnover, and 20% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 33.5 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 42 gainers and 31 losers. Learn Africa led the gainers with 9.97% share price appreciation closing at NGN 3.20 per share, followed by Golden Guinea Breweries (+9.95%), Chellarams (+9.77%) and John Holt (+9.62%).
On the losing side, Ikeja Hotel came out last with an end-of-day price depreciation of 21.52% at NGN 3.10 per share, followed by N.E.M. Insurance Company (-10%), Lasaco Assurance (-10%) and Mutual Benefits Assurance (-10%). FBN Holdings recorded the highest volume of 89.2 million traded shares, followed by Transcorp Nigeria (89.2m), Access Holdings (85.9m) and FCMB Group (85m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 808.53 (1.33%) points to close at 61,523.57, representing a 1-week gain of 3.68%, a 4-week gain of 10.22%, and an overall year-to-date gain of 20.04%.
