NGX: Investors record N8.69bn  loss as ASI  depreciates  marginally by -0.03%

L – R shows Dr. Edoh Amenounve, CEO, BOURSE REGIONALE DES VALEURS MOBILIERES (BRVM) and President of Africa Securities Exchanges Association (ASEA) and Chairman of the African Exchanges Linkage Project (AELP) Steering Committee; Arbena Amoah, Deputy Managing Director, GSE; Diana Okine, Head, International Relation, GSE; Lina Tonul, Project Manager, AELP; Thapelo Tsheole, CEO, Botswana Stock Exchange (BSE) and Irene Robinson-Ayanwale, Divisional Head, Business Support Services, NGX and Chairperson of the Legal Committee of the AELP at the AELP Steering Committee Admission Ceremony for  BSE (Botswana Stock Exchange)  and GSE (Ghana Stock Exchange) where they were formally admitted to be part of the 7 other securities exchanges participating in the AELP today.

Nigerian Equities Market maintained negative market sentiment at the close of trading today amid negative market breadth.

The NGX All-Share index dipped marginally by -0.03% to close at 52,974.15 basis points as against -1.45% loss recorded at the end of the previous trading session. In Naira terms, the NGX Market CAP records N8.69bn loss.

At the end of today’s trading session , a total of 295,353,818 shares in 4,637 deals, corresponding to a market value of NGN 3,590,248,421.05, were traded.

Compared with the previous NGX trading day (Tuesday, May 31), today’s data shows 7% decline in volume, 3% decline in turnover, and 11% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.6 trillion.

In the aggregate, 112 NGX listed equities participated in trading, ending with 14 gainers and 20 losers. Eterna led the gainers with 9.9% share price appreciation closing at NGN 7.44 per share, followed by FTN Cocoa Processors (+9.37%), Nigerian Aviation Handling Co. (+8.57%) and Ikeja Hotel (+7.83%).

On the losing side, Okomu Oil Palm came out last with an end-of-day price depreciation of 10% at NGN 193.50 per share, followed by NCR Nigeria (-9.77%), Conoil (-8.35%) and Neimeth International Pharma (-7.19%).

Transcorp Nigeria recorded the highest volume of 122 million traded shares, followed by Guaranty Trust Holding (20.1m), Conoil (17m) and Sterling Bank (16.1m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 16.13 (-0.03%) points to close at 52,974.15, representing a 1-week gain of 0.73%, a 4-week gain of 5.68%, and an overall year-to-date gain of 24.01%.

 Other remarkable indices that performed were the NGX Top 50 Index (+0.92%; -2.05% 1WK; +10.69% YTD), NGX Top 30 Index (-0.18%; -1.76% 1WK; +11.9% YTD), NGX Consumer Goods Index (+0.09%; -3.27% 1WK; +10.7% YTD), NGX Main Board Index (+0.06%; +3.22% 1WK; +34.27% YTD), NGX Industrial Index (+0%; -3.29% 1WK; +9.26% YTD), and NGX Premium Index (-0.15%; +0.37% 1WK; +19.33% YTD).