Investors gain N899.69bn as NGX-ASI appreciates by 2.11%
Nigeria’s Equities Market closed positive on Friday by 2.11% as the NGX-ASI increased to 79,664.66 from 78,020.54 recorded at the close of the previous trading day; indicating a YTD return of +6.54%.The market performance for the week increased by 6.54% to 79,664.66 from 75,990.88 recorded at the beginning of the week.
Market capitalization increased today by N899.68 billion to N43.954 trillion from N42.694 trillion recorded at the close of the previous trading day, While the market turnover increased to N14.328 billion from N11.162 billion.
At the end of the last weekday of trading, a total of 892,677,030 shares in 13,019 deals, corresponding to a market value of NGN 14,328,690,780.16, were traded. Compared with the previous NGX trading day (Thursday, January 4), today’s data shows 9% decline in volume but 28% improvement in turnover. The current market capitalization of the Nigerian Stock Exchange is NGN 43.6 trillion.
In the aggregate, 123 NGX listed equities participated in trading, ending with 59 gainers and 21 losers. Nigerian Aviation Handling Co. led the gainers with 10% share price appreciation closing at NGN 28.60 per share, followed by UPDC (+10%), Transcorp Nigeria (+9.99%) and Wema Bank (+9.99%).
On the losing side, C&I Leasing came out last with an end-of-day price depreciation of 34.11% at NGN 3.38 per share, followed by Multiverse Mining & Exploration (-9.99%), SCOA Nigeria (-9.94%) and Abbey Mortgage Bank (-9.86%). Fidelity Bank recorded the highest volume of 92.7 million traded shares, followed by Transcorp Nigeria (75.4m), Sterling Bank (71.6m) and FCMB Group (56.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) soared 1,644.12 (2.11%) points to close at 79,664.66, representing a 1-week gain of 6.93%, a 4-week gain of 11.81%, and an overall year-to-date gain of 6.54%.
Other remarkable indices that performed were the NGX Top 50 Index (+2.9%; +9.37% 1WK; +8.35% YTD), NGX Top 30 Index (+2.25%; +7.38% 1WK; +6.88% YTD), NGX Insurance Index (+4.39%; +17.33% 1WK; +14.08% YTD), NGX Banking Index (+3.62%; +11.53% 1WK; +10.29% YTD), NGX Pension Index (+3.31%; +10.68% 1WK; +9.7% YTD), and NGX Premium Index (+3.23%; +6.46% 1WK; +6.05% YTD).
