Investors gain N313.39bn as NGXASI appreciates by 0.70%
Nigeria’s Equities Market closed positive on Thursday by 0.70% as the NGX-ASI increased to 82,597.04 from 82,024.38 recorded at the close of the previous trading day; indicating a YTD return of +10.46%.
Market capitalization grew by N313.40 billion to N45.199 trillion from N44.885 trillion recorded at the close of the previous trading day, while the market turnover decreased to N14.414 billion from N25.377 billion.
At the end of today’s trading session, a total of 877,281,187 shares in 14,919 deals, corresponding to a market value of NGN 14,414,380,762.97, were traded. Compared with the previous NGX trading day (Wednesday, January 10), today’s data shows 47% decline in volume, 43% decline in turnover, and 26% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 45.2 trillion.
In the aggregate, 125 NGX listed equities participated in trading, ending with 48 gainers and 22 losers. Royal Exchange led the gainers with 10% share price appreciation closing at NGN 0.99 per share, followed by Guinea Insurance (+10%), Julius Berger Nigeria (+9.92%) and Cadbury Nigeria (+9.77%).
On the losing side, Ikeja Hotel came out last with an end-of-day price depreciation of 9.9% at NGN 7.83 per share, followed by Abbey Mortgage Bank (-9.9%), Caverton Offshore Support Group (-9.66%) and Daar Communications (-9.38%).
Transcorp Nigeria recorded the highest volume of 74.5 million traded shares, followed by Sterling Bank (54.3m), Access Holdings (54.1m) and Aiico Insurance (53.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 572.70 (0.7%) points to close at 82,597.08, representing a 1-week gain of 5.87%, a 4-week gain of 15.25%, and an overall year-to-date gain of 10.46%.
Other remarkable indices that performed were the NGX Top 50 Index (+1.46%; +8.21% 1WK; +13.94% YTD), NGX Top 30 Index (+0.72%; +6.05% 1WK; +10.86% YTD), NGX Banking Index (+2.73%; +8.32% 1WK; +15.3% YTD), NGX Pension Index (+1.92%; +7.37% 1WK; +14.01% YTD), NGX Premium Index (+0.94%; +7.2% 1WK; +10.12% YTD), and NGX Main Board Index (+0.53%; +4.98% 1WK; +10.74% YTD).
