NGX: Bullish trend continues as ASI appreciates by 1.28%
Nigeria’s Equities Market closed positive on Wednesday by 1.28% as the NGX-ASI increased to 73,397.71 from 72,470.10 recorded at the close of the previous trading day; indicating a YTD return of +43.21%.
Market capitalization increased by N507.6 billion to N40.16 trillion from N39.66 trillion recorded at the close of the previous trading day, also the market turnover increased to N12.829 billion from N6.949 billion.
At the end of today’s trading session, a total of 554,644,050 shares in 7,910 deals, corresponding to a market value of NGN 12,829,250,316.96, were traded.
Compared with the previous NGX trading day (Tuesday, December 19), today’s data shows 35% improvement in volume, 85% improvement in turnover, and 15% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 40.2 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 37 gainers and 24 losers. Multiverse Mining & Exploration led the gainers with 10% share price appreciation closing at NGN 11.55 per share, followed by Transcorp Nigeria (+10%), Infinity Trust Mortgage Bank (+9.97%) and E-Tranzact International (+9.73%).
On the losing side, Tantalizers came out last with an end-of-day price depreciation of 10% at NGN 0.45 per share, followed by Thomas Wyatt Nigeria (-9.86%), The Initiates (-9.32%) and Juli (-9.23%). Guaranty Trust Holding recorded the highest volume of 89.5 million traded shares, followed by Access Holdings (59.7m), Transcorp Nigeria (52m) and FCMB Group (29.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 927.61 (1.28%) points to close at 73,397.71, representing a 1-week gain of 1.52%, a 4-week gain of 3.37%, and an overall year-to-date gain of 43.21%.
Other remarkable indices that performed were the NGX Top 30 Index (+1.64%; +2.12% 1WK; +47.54% YTD), NGX Top 50 Index (+0.96%; +0.55% 1WK; +51.71% YTD), NGX Main Board Index (+1.96%; +1.92% 1WK; +46.58% YTD), NGX Pension Index (+1.79%; +1.4% 1WK; +76.36% YTD), NGX Insurance Index (+0.83%; -1.21% 1WK; +67.52% YTD), and NGX Banking Index (+0.75%; +3.92% 1WK; +111.29% YTD).
