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

Date:

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.

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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 Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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