Investors record N36.44bn loss as NGXASI declines by 0.09%
Nigeria’s Equities Market closed negative on Friday by 0.09% as the NGX-ASI decreased to 72,389.23 from 72,455.83 recorded at the close of the previous trading day; indicating a YTD return of +41.24%. Market performance for the week increased by 1.18% to 72,389.23 from 71541.74 recorded at the beginning of the week.
Market capitalization decreased today by N36.44 billion to N39.612 trillion from N39.649 trillion recorded at the close of the previous trading day, also the market turnover decreased to N6.56 billion from N7.26 billion.
At the end of the last weekday of trading , a total of 307,154,235 shares in 6,016 deals, corresponding to a market value of NGN 6,566,809,648.75, were traded. Compared with the previous NGX trading day (Thursday, December 14), today’s data shows 31% decline in volume, 9% decline in turnover, and 12% decline in deals. The current market capitalization is NGN 39.6 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 38 gainers and 16 losers. Northern Nigeria Flour Mills led the gainers with 9.93% share price appreciation closing at NGN 38.75 per share, followed by Cadbury Nigeria (+9.93%), John Holt (+9.85%) and Infinity Trust Mortgage Bank (+9.73%).
On the losing side, Universal Insurance Company came out last with an end-of-day price depreciation of 7.14% at NGN 0.26 per share, followed by Livestock Feeds (-5%), FBN Holdings (-4.92%) and FTN Cocoa Processors (-3.31%). Guaranty Trust Holding recorded the highest volume of 51.1 million traded shares, followed by Zenith Bank (24.7m), United Bank for Africa (24.5m) and Lafarge Wapco (16.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 66.60 (-0.09%) points to close at 72,389.23, representing a 1-week gain of 1.18%, a 4-week gain of 1.79%, and an overall year-to-date gain of 41.24%.
Other remarkable indices that performed were the NGX Top 50 Index (-0.1%; +1.2% 1WK; +51.16% YTD), NGX Top 30 Index (-0.12%; +1.32% 1WK; +44.67% YTD), NGX Oil & Gas Index (+0.94%; -0.27% 1WK; +124.51% YTD), NGX Insurance Index (+0.82%; -0.96% 1WK; +67.66% YTD), NGX Consumer Goods Index (+0.36%; +0.22% 1WK; +94.58% YTD), and NGX Main Board Index (+0.18%; +0.7% 1WK; +44.15% YTD).
