Equities Market sustains bullish sentiment as NGX-ASI advances by 0.12%
Nigeria’s Equities Market closed positive on Friday by 0.12% as the NGX-ASI increased to 71,112.99 from 71,025.16 recorded at the close of the previous trading day; indicating a YTD return of +38.75%. The market performance for the week increased by 0.37% to 71,112.99 from 70,849.38 recorded at the beginning of the week.
Market capitalization increased by N48.299 billion to N39,108 trillion from N39.060 trillion recorded at the close of the previous trading day, while the market turnover increased to N6.03 billion from N4.38 billion.
At the end of the last weekday of trading , a total of 441,579,078 shares in 5,883 deals, corresponding to a market value of NGN 6,032,959,569.33, were traded. Compared with the previous NGX trading day (Thursday, November 16), today’s data shows 9% decline in volume, 38% improvement in turnover, but 10% decline in deals.
The current market capitalization of the Nigerian Stock Exchange is NGN 39.1 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 36 gainers and 19 losers. Multiverse Mining & Exploration led the gainers with 10% share price appreciation closing at NGN 3.63 per share, followed by Prestige Assurance Company (+10%), MeCure Industries (+9.98%) and C&I Leasing (+9.93%).
On the losing side, Associated Bus Company came out last with an end-of-day price depreciation of 10% at NGN 0.81 per share, followed by Beta Glass Company (-9.92%), The Initiates (-9.8%) and Japaul Gold and Ventures (-9.09%). Jaiz Bank recorded the highest volume of 95.2 million traded shares, followed by Guaranty Trust Holding (35.3m), The Initiates (29.5m) and Japaul Gold and Ventures (29.1m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 87.83 (0.12%) points to close at 71,112.99, representing a 1-week gain of 0.37%, a 4-week gain of 6.27%, and an overall year-to-date gain of 38.75%. Other remarkable indices that performed were the
NGX Top 30 Index (+0.16%; +0.25% 1WK; +41.68% YTD), NGX Top 50 Index (-0.06%; +0.52% 1WK; +45.89% YTD), NGX Oil & Gas Index (+3.71%; +2.61% 1WK; +113.67% YTD), NGX Insurance Index (+1.4%; +0.91% 1WK; +68.44% YTD), NGX Pension Index (+0.63%; +0.91% 1WK; +69.9% YTD), and NGX Premium Index (+0.38%; +1.42% 1WK; +42.2% YTD).
