Nigeria’s Equities Market closed negative on Tuesday by 1.04% as the NGX-ASI decreased to 100,717.21 from 101,778.47 recorded at the close of the previous trading day; indicating a YTD return of +34.70%.
Market capitalization decreased by N598.69billion to N56,962.00 trillion from N57,561.44trillion recorded at the close of the previous trading day, Also, the market turnover increased to N8.381 billion from N6.781 billion.
At the end of today’s trading session, a total of 403,889,860 shares in 10,170 deals, corresponding to a market value of NGN 8,381,625,848.80, were traded.
Compared with the previous NGX trading day (Monday, April 15), today’s data shows 24% improvement in volume, 17% improvement in turnover, but 6% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.5 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with seven gainers and 52 losers. Morison Industries led the gainers with 9.96% share price appreciation closing at NGN 3.09 per share, followed by Thomas Wyatt Nigeria (+8.63%), Universal Insurance Company (+5.56%) and Omatek Ventures (+3.8%).
On the losing side, Vitafoam Nigeria came out last with an end-of-day price depreciation of 10% at NGN 18.90 per share, followed by Fidelity Bank (-10%), Ellah Lakes (-10%) and Japaul Gold and Ventures (-10%). Access Holdings recorded the highest volume of 62.9 million traded shares, followed by Guaranty Trust Holding (47.4m), United Bank for Africa (45.6m) and Zenith Bank (41.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) declined 1,968.78 (-1.93%) points to close at 99,808.34, representing a 1-week loss of 3.79%, a 4-week loss of 3.59%, but an overall year-to-date gain of 33.48%.
Other remarkable indices that performed were the NGX Top 30 Index (-2.03%; -3.94% 1WK; +32.43% YTD), NGX Oil & Gas Index (+0%; -0.28% 1WK; +23.75% YTD), NGX Main Board Index (-0.72%; -2.08% 1WK; +35.02% YTD), NGX Consumer Goods Index (-1.02%; -2% 1WK; +41.62% YTD), NGX Premium Index (-1.59%; -3.96% 1WK; +34.84% YTD), and NGX Industrial Index (-2.7%; -3% 1WK; +72.79% YTD).
