Investors gain N30.40bn as NGX-ASI increases  by 0.08%

Nigeria’s Equities Market closed positive on Tuesday  by 0.08% as the NGX-ASI increased to 68,334.68 from 68,279.14 recorded at the close of the previous trading day; indicating a YTD return of +33.33%.

 Market capitalization increased by N30.40 billion to N37.400 trillion from N37.370 trillion recorded at the close of the previous trading day, while the market turnover decreased to N10.21 billion from N13.04 billion recorded at the close of the previous trading day.

At the end of today’s trading session, a total of 557,852,944 shares in 9,818 deals, corresponding to a market value of NGN 10,210,294,052.65, were traded. Compared with the previous NGX trading day (Monday, September 4), today’s data shows 25% decline in volume, 21% decline in turnover, and 18% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 37.4 trillion.

In the aggregate, 120 NGX listed equities participated in trading, ending with 30 gainers and 31 losers. Beta Glass Company led the gainers with 10% share price appreciation closing at NGN 42.90 per share, followed by Multiverse Mining & Exploration (+10%), Sunu Assurances Nigeria (+10%) and Omatek Ventures (+10%).

On the losing side, Secure Electronic Technology came out last with an end-of-day price depreciation of 10% at NGN 0.27 per share, followed by Chellarams (-9.8%), Ikeja Hotel (-9.68%) and John Holt (-9.03%). United Bank for Africa recorded the highest volume of 63.3 million traded shares, followed by Oando (61.3m), Fidelity Bank (58.1m) and Access Holdings (42.1m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 55.54 (0.08%) points to close at 68,334.68, representing a 1-week gain of 2.77%, a 4-week gain of 4.63%, and an overall year-to-date gain of 33.33%.

 Other remarkable indices that performed were the NGX Top 30 Index (-0.11%; +2.43% 1WK; +36.59% YTD), NGX Top 50 Index (-0.49%; +5.19% 1WK; +52.63% YTD), NGX Consumer Goods Index (+1.98%; +4.23% 1WK; +89.68% YTD), NGX Main Board Index (+0.37%; +2.52% 1WK; +27.53% YTD), NGX Industrial Index (+0.03%; +1.62% 1WK; +20.83% YTD), and NGX Oil & Gas Index (+0%; +5.46% 1WK; +103.36% YTD).