Equities Market closed positive as the key market indicator advanced by 481.51bps amid positive market breadth
The NGX All-Share Index advanced by 1.09% to close at 44,492.73 basis points as against 0.08% loss recorded previously to close at 44,011.22 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N262.27bn gain.
At the end of the last weekday of trading, a total of 146,679,048 shares in 3,028 deals, corresponding to a market value of NGN 1,235,912,423.06, were traded. Compared with the previous NGX trading day (Thursday, November 17), today’s data shows 50% improvement in volume, 46% improvement in turnover, and 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 24.2 trillion.
In the aggregate, 105 NGX listed equities participated in trading, ending with 19 gainers and 11 losers. Nigerian Breweries led the gainers with 10% share price appreciation closing at NGN 41.25 per share, followed by Union Bank Nigeria (+9.24%), Associated Bus Company (+8.7%) and AXA Mansard Insurance (+7.27%).
On the losing side, Fidson Healthcare came out last with an end-of-day price depreciation of 9.34% at NGN 8.15 per share, followed by Wapic Insurance (-8.33%), Regency Alliance Insurance (-8%) and Sovereign Trust Insurance (-7.69%).
Transcorp Nigeria recorded the highest volume of 24.4 million traded shares, followed by FBN Holdings (21.8m), Courteville Business Solutions (17m) and Fidelity Bank (12.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 481.51 (1.09%) points to close at 44,492.73, representing a 1-week gain of 1.19%, a 4-week gain of 0.22%, and an overall year-to-date gain of 4.16%.
Other remarkable indices that performed were the NGX Top 30 Index (+1.27%; +1.32% 1WK; -6.62% YTD), NGX Top 50 Index (+0.93%; +2.54% 1WK; -6.99% YTD), NGX Premium Index (+1.82%; +1.45% 1WK; +4.2% YTD), NGX Pension Index (+1.32%; +2.89% 1WK; +1.47% YTD), NGX Consumer Goods Index (+1.27%; +0.91% 1WK; -6.51% YTD), and NGX Main Board Index (+0.53%; +1.04% 1WK; +10.62% YTD).