Equities market sees first positive close this week with 0.35% Gain.
Nigeria’s Equities Market closed positive on Tuesday by 0.35% as the NGX-ASI increased to 98,225.63 from 97,879.94 recorded at the close of the previous trading day; indicating a YTD return of +31.36%
Market capitalization increased by N195.65 billion to N55,553.02 trillion from N55,357.37 trillion recorded at the close of the previous trading day, Also, the market turnover increased to N14.92 billion from N5.08 billion.
At the end of today’s trading session, a total of 552,209,308 shares in 9,350 deals, corresponding to a market value of NGN 14,919,705,214.45, were traded. Compared with the previous NGX trading day (Monday, April 29), today’s data shows 99% improvement in volume, 194% improvement in turnover, and 7% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.6 trillion.
In the aggregate, 127 NGX listed equities participated in trading, ending with 28 gainers and 18 losers. Nigerian Aviation Handling Co. led the gainers with 10% share price appreciation closing at NGN 36.30 per share, followed by CAP (+10%), UAC of Nigeria (+10%) and Learn Africa (+10%).
On the losing side, Dangote Sugar Refinery came out last with an end-of-day price depreciation of 9.95% at NGN 38.90 per share, followed by Computer Warehouse Group (-9.82%), Vitafoam Nigeria (-9.81%) and Honeywell Flour Mill (-9.74%). Guaranty Trust Holding recorded the highest volume of 245 million traded shares, followed by FBN Holdings (45.5m), Access Holdings (42.9m) and Transcorp Nigeria (36.1m).
Regarding the performance of NGX market indices, the NGX Banking Index (NGX-BANK) increased by 12.98 (1.7%) points to close at 774.35, representing a 1-week loss of 0.14%, a 4-week loss of 22.06%, and an overall year-to-date loss of 13.69%.
Other remarkable indices that performed were the NGX Oil & Gas Index (+1.07%; -1.76% 1WK; +21.56% YTD), NGX Premium Index (+1.03%; -1.03% 1WK; +32.93% YTD), NGX Insurance Index (+0.15%; -0.48% 1WK; +18.01% YTD), NGX Main Board Index (-0.06%; -0.67% 1WK; +33.35% YTD), NGX Industrial Index (-0.35%; -0.35% 1WK; +72.81% YTD), and NGX Consumer Goods Index (-0.8%; -1.92% 1WK; +37.86% YTD).
