Equities Market continues on bullish run as NGX-ASI advances by 2.04%
Nigeria’s Equities Market closed positive on Thursday by 2.04% as the NGX-ASI increased to 91,896.97 from 90,063.25 recorded at the close of the previous trading day; indicating a YTD return of +22.90%.
Market capitalization increased by N1.008 trillion to N50.289 trillion from N49.281 trillion recorded at the close of the previous trading day, Also, the market turnover increased to N19.293 billion from N16.381 billion
At the end of today’s trading session, a total of 1,140,376,336 shares in 17,804 deals, corresponding to a market value of NGN 19,293,272,760.38, were traded. Compared with the previous NGX trading day (Wednesday, January 17), today’s data shows 12% decline in volume, 18% improvement in turnover, and 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 50.3 trillion.
In the aggregate, 123 NGX listed equities participated in trading, ending with 33 gainers and 42 losers. Conoil led the gainers with 10% share price appreciation closing at NGN 112.20 per share, followed by Eterna (+10%), N.E.M. Insurance Company (+10%) and Unity Bank (+10%).
On the losing side, Ikeja Hotel came out last with an end-of-day price depreciation of 9.79% at NGN 8.11 per share, followed by Royal Exchange (-9.78%), Mutual Benefits Assurance (-9.57%) and Linkage Assurance (-9.4%). Transcorp Nigeria recorded the highest volume of 157 million traded shares, followed by Universal Insurance Company (115m), Veritas Kapital Assurance (69.4m) and Jaiz Bank (65.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) soared 1,833.72 (2.04%) points to close at 91,896.97, representing a 1-week gain of 11.26%, a 4-week gain of 26.92%, and an overall year-to-date gain of 22.9%.
Other remarkable indices that performed were the NGX Top 30 Index (+2.22%; +11.63% 1WK; +23.75% YTD), NGX Industrial Index (+7.83%; +34.23% 1WK; +45.82% YTD), NGX Oil & Gas Index (+2.69%; +3.53% 1WK; +4.72% YTD), NGX Premium Index (+2.6%; +14.55% 1WK; +26.14% YTD), NGX Main Board Index (+1.64%; +9.04% 1WK; +20.75% YTD), and NGX Consumer Goods Index (+0.87%; +10.28% 1WK; +23.28% YTD).
