Investors gain N581.83bn as NGXASI appreciates by 0.99%
Nigeria’s equities market ended the week with a gain of 1,029.04 points and a favourable market breadth.
The NGX All-Share Index advanced by 0.99% to close at 105,085.25 basis points, compared to the previous day’s gain of 0.05% to close at 104,056.21 basis points. The NGX Market CAP also recorded a gain of N581.83bn Naira terms.
At the end of the last weekday of trading, a total of 217,208,885 shares in 6,457 deals, corresponding to a market value of NGN 5,006,099,402.32, were traded. Compared with the previous NGX trading day (Thursday, March 14), today’s data shows 4% decline in volume, 32% decline in turnover, but 11% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.4 trillion.
In the aggregate, 120 NGX listed equities participated in trading, ending with 25 gainers and 19 losers. Guaranty Trust Holding led the gainers with 9.99% share price appreciation closing at NGN 48.45 per share, followed by International Breweries (+9.75%), Prestige Assurance Company (+9.26%) and Julius Berger Nigeria (+8.2%).
On the losing side, International Energy Insurance came out last with an end-of-day price depreciation of 9.63% at NGN 1.22 per share, followed by C&I Leasing (-8.11%), Vitafoam Nigeria (-5.56%) and Transcorp Nigeria (-5.49%). FBN Holdings recorded the highest volume of 29.6 million traded shares, followed by Transcorp Nigeria (25.2m), Unity Bank (14.1m) and Guaranty Trust Holding (13.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 1,029.04 (0.99%) points to close at 105,085.25, representing a 1-week gain of 3.71%, a 4-week loss of 0.6%, but an overall year-to-date gain of 40.54%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.95%; +3.3% 1WK; +40.04% YTD), NGX Banking Index (+2.73%; +12.84% 1WK; +8.07% YTD), NGX Premium Index (+2.11%; +6.78% 1WK; +45.05% YTD), NGX Pension Index (+1.8%; +7.59% 1WK; +20.33% YTD), NGX Main Board Index (+0.24%; +1.71% 1WK; +37.73% YTD), and NGX Insurance Index (+0.22%; +2.52% 1WK; +12.28% YTD).
