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Nigerian Equities Market’s Year-To-Date Return Up 3.78%

The Nigerian equities market’s Year-to-Date (YTD) rose to 3.78 percent on Thursday as the All Share Index (NGX ASI) and the market capitalization increased by 0.03 percent at the end of the day’s  trading session.

Specifically, the ASI closed at 44,332.21 against the previous close of 44,318.15 while market capitalization closed at N24.147 trillion against previous close of N24.139 trillion.

Data from the official sources on the day’s trading indicated that the volume traded, however, decreased by 27.90% from 165.352 million to 119.224 million, just as the total value of stock traded decreased by 12.87% from N3.674 billion to N3.201 billion in 2,909 deals.

The Financial Services sector led the activity chart with 83.808 million shares exchanged for N0.534 billion. Oil And Gas came next with 10.079 million shares traded for N0.03 billion, ICT, Consumer Goods, Conglomerates sectors followed in that order on the activity chart.

The most active stocks by volume were FIDELITYBK, GTCO, JAPAULGOLD, JAIZBANK and ACCESSCORP while CWG, UPDCREIT, JAPAULGOLD, WAPIC AND DANGSUGAR emerged the highest price gainers.

The stocks on the losers’ chart were BETAGLAS, ALEX, MBENEFIT, RTBRISCOE and REGALINS

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