Investors gain N390.43bn as NGXASI appreciates by 0.72%

Nigeria’s  Equities Market closed positive on Thursday by 0.72% as the NGX-ASI increased to 99,980.30 from 99,266.02 recorded at the close of the previous trading day; indicating a YTD return of +33.71%.

 Market capitalization increased by N391 billion to N54.707 trillion from N54.317 trillion recorded at the close of the previous trading day, Also, the market turnover increased to N8.696 billion from N5.826 billion.

At the end of today’s trading session, a total of 542,950,169 shares in 9,650 deals, corresponding to a market value of NGN 8,696,779,829.46, were traded. Compared with the previous NGX trading day (Wednesday, February 28), today’s data shows 37% improvement in volume, 49% improvement in turnover, but 9% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 54.7 trillion.

In the aggregate, 121 NGX listed equities participated in trading, ending with 37 gainers and 19 losers. Guaranty Trust Holding led the gainers with 10% share price appreciation closing at NGN 39.60 per share, followed by United Bank for Africa (+10%), N.E.M. Insurance Company (+10%) and Juli (+10%).

On the losing side, Sunu Assurances Nigeria came out last with an end-of-day price depreciation of 10% at NGN 1.71 per share, followed by Eterna (-9.81%), Computer Warehouse Group (-9.76%) and Morison Industries (-9.58%). United Bank for Africa recorded the highest volume of 93.7 million traded shares, followed by Transcorp Nigeria (54.1m), Japaul Gold and Ventures (34.3m) and Sterling Bank (28.5m).

Other remarkable indices that performed were the NGX Top 30 Index (-0.6%; -1.17% 1WK; +35.17% YTD), NGX Oil & Gas Index (-0.33%; -0.7% 1WK; +24.92% YTD), NGX Industrial Index (-0.41%; -0.45% 1WK; +80.15% YTD), NGX Main Board Index (-0.57%; +0.21% 1WK; +32.98% YTD), NGX Premium Index (-0.64%; -3.26% 1WK; +34.97% YTD), and NGX Pension Index (-1.12%; -2.9% 1WK; +9.75% YTD).