NGX ASI settles at 71,025.16bps as equities investors earn N5.95bn

On Thursday at the Nigerian ExchangeLimited (NGX), equities trading closed marginally higher with two basis points increase in the All Share Index at 71,025.16 basis points (bps).

The bullish trend persisted due to robust buying interest and gradual window dressing activities by fund managers. 

Thus, the Month-to-Date and Year-to-Date returns printed +2.6 percent and +38.6 percent, respectively.

At the end of the day’s trading sessions, the market capitalization closed higher at N39.06 trillion, leaving equities investors with a collective gain of N5.95 billion.

As measured by market breadth, market sentiment was negative, as 32 tickers lost relative to 23 gainers. On the performance board, ABC Transport and eTranzact recorded the highest losses of the day after their respective share prices depreciated by 10.0 percent and 9.9 percent, while NSLTech and Deap Capital topped the gainers’ list having added 10.0 percent to their respective share prices.

Various sectors demonstrated mixed sentiment, with two out of the five tracked sectors closing in the red. The Banking and Oil & Gas indexes suffered the most significant setbacks, declining by 0.35 percent and 0.18 percent, respectively. The Industrial index closed mildly negative, while the Insurance and Consumer Goods indexes gained by 0.17 percent and 0.31 percent. 

Trading activity on the NGX reflected noticeable advancements in traded volume and total deals, increasing by 62.72 percent and 6.04 percent, respectively. The total traded volume reached 483.85 million units in 6,545 deals. 

However, the total value for the day decreased by 28.93 percent to N4.38 billion. At the close of the day, Regal Insurance emerged as the most traded security in terms of volume, with 104.34 million units worth N36.49 million, while Oando took the lead in terms of value, amounting to N676.64 million.

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