Equities Market continues on a bullish trend as NGX-ASI increases by 0.78%
Nigeria’s Equities Market closed positive Wednesday by 0.78% as the NGX-ASI increased to71,808.64 from 71,250.17 recorded at the close of the previous trading day; indicating a YTD return of +40.11%.
Market capitalization increased by N305.61 billion to N39.29 trillion from N38.99 trillion recorded at the close of the previous trading day, the market turnover also increased to N12.10 billion from N11.01 billion.
At the end of today’s trading session, a total of 690,010,963 shares in 8,412 deals, corresponding to a market value of NGN 12,100,603,792.63, were traded.
Compared with the previous NGX trading day (Tuesday, December 5), today’s data shows 59% improvement in volume, 9% improvement in turnover, and 20% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 39.3 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 34 gainers and 22 losers.
Thomas Wyatt Nigeria led the gainers with 9.93% share price appreciation closing at NGN 3.32 per share, followed by FBN Holdings (+9.91%), Multiverse Mining & Exploration (+9.9%) and Ecobank Transnational (+9.88%).
On the losing side, AXA Mansard Insurance came out last with an end-of-day price depreciation of 9.69% at NGN 4.10 per share, followed by Guinea Insurance (-9.68%), Oando (-9.13%) and Omatek Ventures (-8.14%). Guaranty Trust Holding recorded the highest volume of 76.7 million traded shares, followed by United Bank for Africa (74.6m), Fidelity Bank (65.6m) and Access Holdings (64.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 558.47 (0.78%) points to close at 71,808.64, representing a 1-week gain of 0.74%, a 4-week gain of 1.46%, and an overall year-to-date gain of 40.11%.
Other remarkable indices that performed were the NGX Top 50 Index (+1.8%; +3.58% 1WK; +52.06% YTD), NGX Top 30 Index (+0.78%; +0.77% 1WK; +43.33% YTD), NGX Banking Index (+5.01%; +7.32% 1WK; +93.08% YTD), NGX Premium Index (+1.46%; +2.95% 1WK; +47.48% YTD), NGX Pension Index (+1.22%; +1.45% 1WK; +73.24% YTD), and NGX Main Board Index (+0.33%; -0.77% 1WK; +42.51% YTD).
