Investors gain N403.69bn as NGXASI advances by 0.70%

Trading activities on the floor of the Nigerian Exchange Limited (NGX) began this week with the benchmark index closing 0.7% stronger than the previous session.

Specifically, Monday’s transaction saw the Market Capitalisation growing by 404 billion Naira or 0.7% from 57,293 trillion Naira to 57,697 trillion Naira.

The All-Share Index also increased by 713.99 basis points or 0.7% to close at 102,044.84 basis points from 101,330.85 basis points

At the end of the first weekday of trading , a total of 436,896,796 shares in 11,344 deals, corresponding to a market value of NGN 17,099,123,020.45, were traded. Compared with the previous NGX trading day (Friday, March 8), today’s data shows 22% improvement in volume, 14% decline in turnover, but 5% improvement in deals. The current market capitalization of the NGX is NGN 57.7 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 34 gainers and 16 losers. N.E.M. Insurance Company led the gainers with 10% share price appreciation closing at NGN 6.05 per share, followed by Honeywell Flour Mill (+10%), Dangote Sugar Refinery (+9.97%) and National Salt Company (+9.92%). On the losing side, Prestige Assurance Company came out last with an end-of-day price depreciation of 10% at NGN 0.54 per share, followed by Lasaco Assurance (-9.83%), UAC of Nigeria (-9.68%) and RT Briscoe (-8.16%). Guaranty Trust Holding recorded the highest volume of 96.6 million traded shares, followed by Transcorp Nigeria (73.9m), Access Holdings (48.1m) and United Bank for Africa (21.6m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 713.99 (0.7%) points to close at 102,044.84, representing a 1-week gain of 3.23%, and an overall year-to-date gain of 36.47%. Other remarkable indices that performed were the NGX Top 30 Index (+0.54%; +2.16% 1WK; +36.3% YTD), NGX Banking Index (+2%; +1.04% 1WK; -2.31% YTD), NGX Insurance Index (+1.48%; -3.64% 1WK; +11.15% YTD), NGX Pension Index (+1.28%; +2.92% 1WK; +13.27% YTD), NGX Consumer Goods Index (+1.09%; +1.07% 1WK; +45.13% YTD), and NGX Main Board Index (+0.82%; +2.52% 1WK; +36.52% YTD).