June 15, (THEWILL) – Nigeria’s equities market ended in red Thursday as the bullish trend that dominated trading in the previous two days gave way to the bears, with the bourse losing N430 billion.
Market capitalization closed at N32.2 trillion as against N32.6 recorded on the previous day, with the All-Share Index shrinking to 59,195.21 from 59,985.90 basis points of the previous day.
At the end of today’s trading session (Thursday) on the Nigerian Stock Exchange (NGX), a total of 1,170,151,738 shares in 12,611 deals, corresponding to a market value of NGN 15,359,422,348.11, were traded.
Compared with the previous NGX trading day (Wednesday, June 14), today’s data shows 10% decline in volume, 27% decline in turnover, but 6% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 32.2 trillion.
In the aggregate, 123 NGX listed equities participated in trading, ending with 36 gainers and 40 losers. Total Nigeria led the gainers with 10% share price appreciation closing at NGN 336.70 per share, followed by MRS Oil Nigeria (+10%), Transcorp Hotels (+10%) and Ikeja Hotel (+9.97%). On the losing side, Sunu Assurances Nigeria came out last with an end-of-day price depreciation of 10% at NGN 0.45 per share, followed by Cornerstone Insurance Company (-9.73%), McNichols (-9.33%) and Access Holdings (-9.24%). United Bank for Africa recorded the highest volume of 193 million traded shares, followed by Access Holdings (122m), Fidelity Bank (103m) and Guaranty Trust Holding (99.8m).
“Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) declined 789.89 (-1.32%) points to close at 59,195.21, representing a 1-week gain of 5.66%, a 4-week gain of 12.93%, and an overall year-to-date gain of 15.5%,” analysts at African ‘Xchanges said.
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
