Investors gain N243.99bn as NGXASI appreciates by 0.54%
Nigeria’s Equities Market closed positive Friday by 0.54% as the NGX-ASI increased to 83,042.96 from 82,597.04 recorded at the close of the previous trading day; indicating a YTD return of +11.06%.
The market performance for the week increased by 4.24% to 83,042.96 from 79,664.66 recorded at the beginning of the week.
Market capitalization increased today by N243.98 trillion to N45.442 trillion from N45.199 trillion recorded at the close of the previous trading day, While the market turnover decreased to N9.098 billion from N14.414 billion.
At the end of the last weekday of trading, a total of 600,634,897 shares in 11,697 deals, corresponding to a market value of NGN 9,097,775,553.06, were traded. Compared with the previous NGX trading day (Thursday, January 11), today’s data shows 32% decline in volume, 37% decline in turnover, and 22% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 45.4 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 49 gainers and 19 losers. Sunu Assurances Nigeria led the gainers with 10% share price appreciation closing at NGN 1.43 per share, followed by Mutual Benefits Assurance (+10%), Ikeja Hotel (+9.96%) and Unilever Nigeria (+9.94%). On the losing side, Industrial & Medical Gases came out last with an end-of-day price depreciation of 9.15% at NGN 13.40 per share, followed by UPDC (-7.26%), Cutix (-5%) and Omatek Ventures (-5%). Transcorp Nigeria recorded the highest volume of 54.4 million traded shares, followed by Access Holdings (45m), United Bank for Africa (33.5m) and Universal Insurance Company (33.3m). Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 445.88 (0.54%) points to close at 83,042.96, representing a 1-week gain of 4.24%, a 4-week gain of 15.49%, and an overall year-to-date gain of 11.06%. Other remarkable indices that performed were the NGX Top 50 Index (+0.61%; +5.8% 1WK; +14.63% YTD), NGX Top 30 Index (+0.54%; +4.28% 1WK; +11.46% YTD), NGX Consumer Goods Index (+2.36%; +9.6% 1WK; +14.42% YTD), NGX Insurance Index (+0.89%; +7.63% 1WK; +22.79% YTD), NGX Main Board Index (+0.84%; +4.45% 1WK; +11.67% YTD), and NGX Pension Index (+0.58%; +4.53% 1WK; +14.67% YTD
