NGX-ASI Advances by +0.49%, as Market Capitalization Hits ₦29 Trillion


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Equity market closed transaction for today bullish, extending the market positive sentiment to three consecutive trading days, as the market performance indicators (NGX-ASI and Market Capitalization) grew by +0.49%. The market YTD returns stood at +4.39%, as investors’ wealth was up by ₦142 billion.

The market index (All-Share Index) added 261.01 basis points today, representing a rise of +0.49% to close at 53,499.68.

The Market Capitalization also gained ₦142.16 billion, representing a growth of +0.49% to close at ₦29,139.83 trillion from ₦28,997.67 trillion yesterday.

However, market activities were mixed, as the Total Volume traded for the day was reduced by -19.91%, while the Total Value traded for the day increased by +27.64%.

Approximately 200.37 million units valued at ₦5,524 million were transacted in 3,716 deals. UNIVINSURE was the most traded stock in terms of volume, accounting for 28.87% of the total volume of trades, followed by GTCO (8.30%), UBA (5.57%), TRANSCORP (4.40%), and GEREGU (4.24%) to complete the top 5 on the volume chart, while GEREGU was the most traded stock in value terms, with 29.61% of the total value of trades on the exchange.

IMG and SEPLAT jointly topped the advancers’ chart with a price appreciation of 10.00 percent each, trailed by NNFM (9.46%), INTENEGINS (9.33%), NAHCO (9.26%), ABCTRANS (8.82%), and thirteen (13) others.

Twenty (20) stocks depreciated, where GUINNESS was the top loser, with a price depreciation of -10.00%, as ARDOVA (- 9.95%), ACADEMY (-9.85%), RTBRISCOE (-9.68%), and CORNERST (-8.33%) also dipped in price.

In that regard, the market breadth closed slightly negative, recording 19 gainers and 20 losers.

Furthermore, the market sector performance was negative, as three out of the five major market sectors were down, led by the Insurance sector (-1.34%), the Consumer goods sector (-0.11%), and the Industrial sector (-0.02%). The Oil & Gas and Banking sectors advanced by +3.61% and 1.22% respectively.

Godwin Okafor
Godwin Okafor
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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