Equities Market records N1.07trn loss as NGXASI declines by 1.90%
Nigeria’s Equities Market closed negative on Wednesday by -1.90% as the NGX-ASI decreased to 101,154.46 from 103,106.85 recorded at the close of the previous trading day; indicating a YTD return of +35.28%.
Market capitalization decreased by N1.07 trillion to N55.358 trillion from N56.426 trillion recorded at the close of the previous trading day, While, the market turnover increased to N22.201 billion from N11.087 billion.
At the end of today’s trading session, a total of 749,128,131 shares in 14,288 deals, corresponding to a market value of NGN 22,492,142,103.14, were traded.
Compared with the previous NGX trading day (Tuesday, January 30), today’s data shows 15% improvement in volume, 103% improvement in turnover, but 2% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.4 trillion.
In the aggregate, 120 NGX listed equities participated in trading, ending with 11 gainers and 57 losers. PZ Cussons Nigeria led the gainers with 9.97% share price appreciation closing at NGN 33.10 per share, followed by Tripple Gee & Co. (+9.97%), Geregu Power (+9.69%) and McNichols (+9.66%).
On the losing side, Lafarge Wapco came out last with an end-of-day price depreciation of 10% at NGN 36.00 per share, followed by Zenith Bank (-10%), Transcorp Nigeria (-10%) and May & Baker Nigeria (-10%). Transcorp Nigeria recorded the highest volume of 79.7 million traded shares, followed by United Bank for Africa (61.3m), Zenith Bank (61.2m) and Guaranty Trust Holding (47.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) declined 1,955.69 (-1.9%) points to close at 101,154.46, representing a 1-week loss of 0.41%, a 4-week gain of 30.46%, and an overall year-to-date gain of 35.28%.
Other remarkable indices that performed were the NGX Top 30 Index (-1.89%; -0.48% 1WK; +36.43% YTD), NGX Industrial Index (-0.39%; +5.71% 1WK; +107.86% YTD), NGX Oil & Gas Index (-1.81%; +2.39% 1WK; +19.96% YTD), NGX Consumer Goods Index (-1.82%; -3.85% 1WK; +24.33% YTD), NGX Main Board Index (-2.42%; -1.28% 1WK; +25.78% YTD), and NGX Premium Index (-2.84%; +0.68% 1WK; +49.3% YTD).
