NGX Rebounds, ASI up 0.17% as Market Cap Gains N63.52b
NGX
The equities market of the Nigerian Exchange Limited (NGX) Wednesday rebounded from the Tuesday losses, as the All Share Index (ASI) appreciated by 0.17 per cent with market capitalization gaining N63.52billion, before closing at N36.86trillion.
Specifically, the local bourse bounced back yesterday with the benchmark Index regained 0.17 per cent to close at 67,100.49 points, compared to 66,984.62 points settled at the close previous year trading session.
Also, the market capitalization gained N63.52billion to close at N36.86trillion as against N36.80trillion closed on Tuesday, while the year-to-date (YTD) return rose to 30.93 per cent, which was higher than 30.70 per cent decline rate posted the previous day.
Investor interests in industrial heavyweight, BUACEMENT (+2.32%) alongside UBA (+0.58%) and FLOURMILL (+0.47%) offset sustained selloffs in Tier-1 banks, ZENITHBANK (-0.63%), GTCO (-1.82%) and ACCESSCORP (-0.32%) pushing the broader index into positive terrain.
Analysis of yesterday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 42.86 per cent.
A total of 410.32million shares valued at N4.46billion were exchanged in 5,637 deals. NEIMETH (-4.22%) led volume chart with 163.20million units traded while ZENITHBANK (-0.63%) led the value charts in deals worth N1.02billion.
Market breadth closed positive at a 1.15-to-1 ratio with advancing issues outnumbering declining ones. CORNERST (+6.45%) led 14 others on the leader’s log while OANDO (-8.08%) topped 12 others on the laggard’s table.
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