Nigerian Equities Market closed positive as the key market indicator advanced by 516.79 bps amid positive market breadth
The NGX All-Share Index advanced by 1.07% to close at 48,881.93 basis points as against a 0.13% loss recorded previously to close at 48,365.14 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N281.48bn loss.
At the end of the last weekday of trading, a total of 100,823,914 shares in 2,440 deals, corresponding to a market value of NGN 1,143,749,930.04, were traded.
Compared with the previous NGX trading day (Thursday, December 8), today’s data shows 32% decline in volume, 62% decline in turnover, and 28% decline in deals.
The current market capitalization of the Nigerian Stock Exchange is NGN 26.6 trillion.
In the aggregate, 101 NGX listed equities participated in trading, ending with 17 gainers and 10 losers.
Prestige Assurance Company led the gainers with 9.52% share price appreciation closing at NGN 0.46 per share, followed by BUA Cement (+9.17%), Thomas Wyatt Nigeria (+9.09%) and Wapic Insurance (+8.82%).
On the losing side, Unity Bank came out last with an end-of-day price depreciation of 9.26% at NGN 0.49 per share, followed by SCOA Nigeria (-9.2%), Japaul Gold and Ventures (-6.9%) and Livestock Feeds (-4.31%).
Sterling Bank recorded the highest volume of 34.2 million traded shares, followed by Guaranty Trust Holding (7.27m), Japaul Gold and Ventures (6.72m) and United Capital (4.14m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 516.79 (1.07%) points to close at 48,881.93, representing a 1-week gain of 1.51%, a 4-week gain of 11.17%, and an overall year-to-date gain of 14.43%.
Other remarkable indices that performed were the NGX Top 30 Index (+1.23%; +1.86% 1WK; +2.68% YTD), NGX Top 50 Index (+0.44%; +0.95% 1WK; -3.74% YTD), NGX Industrial Index (+4.33%; +8.53% 1WK; +15.49% YTD), NGX Main Board Index (+1.82%; +3.69% 1WK; +23.57% YTD), NGX Insurance Index (+1.11%; +1.31% 1WK; -15.76% YTD), and NGX Banking Index (+0.73%; -0.25% 1WK; -0.74% YTD).