Investors record N26.49bn  loss as NGXASI dips  by 0.07%

Nigeria’s  Equities Market closed negative on Wednesday by 0.07% as the NGX-ASI decreased to 68,286.28 from 68,334.68 recorded at the close of the previous trading day; indicating a YTD return of +33.24%.

 Market capitalization declined by N26.48 billion to N37.373 trillion from N37.400 trillion recorded at the close of the previous trading day, while the market turnover decreased to N5.48 billion from N10.21 billion recorded at the close of the previous trading day.

At the end of today’s trading session, a total of 378,654,875 shares in 7,671 deals, corresponding to a market value of NGN 5,482,939,495.68, were traded. Compared with the previous NGX trading day (Tuesday, September 5), today’s data shows 32% decline in volume, 46% decline in turnover, and 22% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 37.4 trillion.

In the aggregate, 119 NGX listed equities participated in trading, ending with 32 gainers and 20 losers. Guinea Insurance led the gainers with 10% share price appreciation closing at NGN 0.33 per share, followed by Beta Glass Company (+9.91%), Caverton Offshore Support Group (+9.84%) and Oando (+9.7%).

 On the losing side, Vitafoam Nigeria came out last with an end-of-day price depreciation of 10% at NGN 22.50 per share, followed by Veritas Kapital Assurance (-7.69%), Linkage Assurance (-5.56%) and Dangote Sugar Refinery (-4.79%). Oando recorded the highest volume of 83.5 million traded shares, followed by United Bank for Africa (35.6m), Transcorp Nigeria (26.7m) and Access Holdings (18.5m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 48.40 (-0.07%) points to close at 68,286.28, representing a 1-week gain of 2.78%, a 4-week gain of 6.42%, and an overall year-to-date gain of 33.24%.

Other remarkable indices that performed were the NGX Top 30 Index (-0.06%; +2.78% 1WK; +36.5% YTD), NGX Top 50 Index (-0.29%; +5.26% 1WK; +52.19% YTD), NGX Insurance Index (+0.43%; -1.24% 1WK; +52.82% YTD), NGX Banking Index (+0.27%; +10.61% 1WK; +70.66% YTD), NGX Industrial Index (+0.17%; +1.68% 1WK; +21.04% YTD), and NGX Premium Index (+0.1%; +3.27% 1WK; +52.19% YTD).