Equities market closed with N28.9 trillion market capitalization as of Friday, May 26, as against N28.5 trillion it recorded on the first trading day on Monday, May 22, adding N5 billion in value.
At the end of the last weekday of trading on the NGX, a total of 461,783,662 shares in 6,520 deals, corresponding to a market value of NGN 7,667,053,091.32, were traded.
Compared with the previous NGX trading day (Thursday, May 25), today’s data shows 22% improvement in volume, 16% decline in turnover, but 11% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.9 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 42 gainers and 12 losers. National Salt Company led the gainers with 10% share price appreciation closing at NGN 15.40 per share, followed by Conoil (+9.98%), N.E.M. Insurance Company (+9.95%) and FTN Cocoa Processors (+9.68%). On the losing side, Sovereign Trust Insurance came out last with an end-of-day price depreciation of 7.69% at NGN 0.36 per share, followed by Mutual Benefits Assurance (-5.56%), Nigerian Exchange Group (-4.04%) and Royal Exchange (-4%). United Bank for Africa recorded the highest volume of 59.4 million traded shares, followed by Access Holdings (51.5m), Zenith Bank (50m) and Guaranty Trust Holding (41m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 152.28 (0.29%) points to close at 52,973.88, representing a 1-week gain of 1.51%, a 4-week gain of 1.41%, and an overall year-to-date gain of 3.36%.
