Nigerian Equities Market maintained negative posture to close in the negative territory as key market indicator dipped further by 350.53bps amid positive market breadth.
The NGX All-Share Index dipped by 0.70% to close at 49,664.07 basis points as against 0.12% loss recorded to close at 50,014.60 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N189.07bn loss.
At the end of the last weekday of trading, a total of 272,081,645 shares in 4,075 deals, corresponding to a market value of NGN 1,959,795,807.80, were traded. Compared with the previous NGX trading day (Thursday, August 11), today’s data shows 104% improvement in volume, 20% decline in turnover, and 5% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 26.8 trillion.
In the aggregate, 106 NGX listed equities participated in trading, ending with 19 gainers and 24 losers. BUA Foods led the gainers with 10% share price appreciation closing at NGN 59.95 per share, followed by N.E.M. Insurance Company (+9.98%), Courteville Business Solutions (+9.8%) and Ikeja Hotel (+9.48%).
On the losing side, BUA Cement came out last with an end-of-day price depreciation of 9.95% at NGN 52.95 per share, followed by Chams (-9.68%), Cutix (-8.89%) and Ellah Lakes (-6.98%). E-Tranzact International recorded the highest volume of 77.6 million traded shares, followed by Wapic Insurance (37.1m), FBN Holdings (30.5m) and United Bank for Africa (13.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) dropped 350.53 (-0.7%) points to close at 49,664.07, representing a 1-week loss of 2.09%, a 4-week loss of 4.89%, but an overall year-to-date gain of 16.26%. Other remarkable indices that performed were the NGX Top 50 Index (-0.87%; -1.23% 1WK; +0.36% YTD), NGX Top 30 Index (-1.27%; -2.92% 1WK; +3.08% YTD), NGX Consumer Goods Index (+2.82%; +3% 1WK; +3.21% YTD), NGX Insurance Index (+1.75%; +6% 1WK; -10.95% YTD), NGX Oil & Gas Index (-0.16%; -0.37% 1WK; +61.6% YTD), and NGX Banking Index (-0.19%; -0.89% 1WK; -5.26% YTD).