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NGX ASI up by 0.18%, market volume down by 25.5%

The Nigerian equity market, yesterday, closed positively, gaining 128.17 basis points as both the NGX All Share Index (ASI) and Market Capitalisation both closed positive…

The Nigerian equity market, yesterday, closed positively, gaining 128.17 basis points as both the NGX All Share Index (ASI) and Market Capitalisation both closed positive by 0.18%.

While the NGX ASI closed at 71,669.91 basis points, compared to the previous day’s gain of 0.12%, which closed at 71,541.74 basis points, NGX Market CAP recorded a gain of N70.14bn.

The NGX ASI year-to-date return was at 39.84% while Market activities measured by volume traded declined by 25.51%.

The total volume traded declined from Friday’s 503.84 million units to close at N375.32m units, valued at N3.85bn and traded in 7,011 deals. VERITASKAP was the most traded stock by volume with N88.84m, while ACCESSCORP was the most traded stock by value with N612.70m units traded.

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At the close of trading, the market recorded 27 gainers, 23 losers, and 68 unchanged.

Top 3 gainers were Ecobank Transnational Inc (9.88%), Deap Capital Management & Trust (9.84%) and SCOA Nigeria (9.63%) while the top 3 losers were RT Briscoe Nigeria  (-9.68%), Secure Electronic Technology (-9.33%), and NEM Insurance (-9.32%).

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