Equities Market records loss as NGX-ASI declines by 0.73%

Nigeria’s Equities Market closed negative on Monday by 0.73% as the NGX-ASI decreased to 103,659.81 from 104,421.23 recorded at the close of the previous trading day; indicating a YTD return of +36.41%.
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Market capitalization decreased by N436.97 Billion to N56.721 trillion from N57.158 trillion recorded at the close of the previous trading day, Also, the market turnover decreased to N19.327 billion from N23.475 billion.
At the end of the first weekday of trading , a total of 841,551,481 shares in 13,674 deals, corresponding to a market value of NGN 19,327,652,550.74, were traded. Compared with the previous NGX trading day (Friday, February 2), today’s data shows 11% decline in volume, 18% decline in turnover, but 19% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.7 trillion.

In the aggregate, 124 NGX listed equities participated in trading, ending with 27 gainers and 28 losers. Cadbury Nigeria led the gainers with 10% share price appreciation closing at NGN 22.00 per share, followed by May & Baker Nigeria (+10%), Meyer (+10%) and Cornerstone Insurance Company (+10%). On the losing side, Abbey Mortgage Bank came out last with an end-of-day price depreciation of 9.7% at NGN 2.70 per share, followed by Livestock Feeds (-9.66%), Fidelity Bank (-9.38%) and Jaiz Bank (-7.93%). FBN Holdings recorded the highest volume of 332 million traded shares, followed by Transcorp Nigeria (50m), Oando (43.5m) and United Bank for Africa (34.7m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) dropped 761.42 (-0.73%) points to close at 103,659.81, representing a 1-week loss of 0.97%, a 4-week gain of 29.05%, and an overall year-to-date gain of 38.63%. Other remarkable indices that performed were the NGX Top 30 Index (-0.81%; -1% 1WK; +39.74% YTD), NGX Insurance Index (+2.67%; -0.59% 1WK; +33.31% YTD), NGX Main Board Index (+0.05%; +0.64% 1WK; +29.72% YTD), NGX Industrial Index (+0%; -0.28% 1WK; +108.92% YTD), NGX Oil & Gas Index (+0%; -2.35% 1WK; +20% YTD), and NGX Consumer Goods Index (-0.03%; +1.52% 1WK; +31.98% YTD).