Investors record  N145.43bn loss as NGXASI declines by 0.36%

Nigeria’s Equities Market closed negative Friday  by 0.36% as the NGX-ASI decreased to 74,023.27 from 74,289.02 recorded at the close of the previous trading day; indicating a YTD return of +44.43%.

 Market capitalization decreased by N145.42 billion to N40.507 trillion from N40.652 trillion recorded at the close of the previous trading day, also the market turnover increased to N16.58 billion from N13.026 billion.

At the end of the last weekday of trading, a total of 423,301,833 shares in 6,333 deals, corresponding to a market value of NGN 16,584,667,838.80, were traded.

Compared with the previous NGX trading day (Thursday, December 21), today’s data shows 44% decline in volume, 27% improvement in turnover, but 21% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 40.5 trillion.

In the aggregate, 122 NGX listed equities participated in trading, ending with 33 gainers and 20 losers. Transcorp Hotels led the gainers with 10% share price appreciation closing at NGN 63.80 per share, followed by Multiverse Mining & Exploration (+10%), Infinity Trust Mortgage Bank (+9.95%) and United Capital (+9.79%).

 On the losing side, Consolidated Hallmark Holdings came out last with an end-of-day price depreciation of 8.73% at NGN 1.15 per share, followed by International Breweries (-8.33%), Prestige Assurance Company (-7.84%) and Associated Bus Company (-7.32%). Universal Insurance Company recorded the highest volume of 41.9 million traded shares, followed by Transcorp Nigeria (41.9m), Mutual Benefits Assurance (30.2m) and Jaiz Bank (27.6m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 265.75 (-0.36%) points to close at 74,023.27, representing a 1-week gain of 2.26%, a 4-week gain of 3.92%, and an overall year-to-date gain of 44.43%.

Other remarkable indices that performed were the NGX Top 30 Index (-0.03%; +3.63% 1WK; +49.93% YTD), NGX Top 50 Index (-0.05%; +1.41% 1WK; +53.29% YTD), NGX Insurance Index (+1.17%; +1.7% 1WK; +70.52% YTD), NGX Main Board Index (+0.43%; +2.65% 1WK; +47.97% YTD), NGX Oil & Gas Index (+0%; +0.09% 1WK; +124.71% YTD), and NGX Consumer Goods Index (-0.03%; -0.7% 1WK; +93.21% YTD).