The Nigerian equities market, NGX sustains its gains from last week on the first trading day of the week. The market sustained its bullish momentum as as the NGX-ASI advanced to close at 118,138.22 points against 118,138.22 the market recorded last week Friday. Market capitalization rose to ₦ 74.8 trillion from 74.5 trillion recorded in the previous trading day.
At the end of the first weekday of trading, a total of 653,656,598 shares in 22,206 deals, corresponding to a market value of NGN 21,327,439,827.63, were traded. Compared with the previous NGX trading day (Friday, June 20), today’s data shows 25% improvement in volume, 8% improvement in turnover, and 25% improvement in deals.
130 equities participated in trading, ending with 46 gainers and 22 losers. Beta Glass led the gainers with 10% share price appreciation closing at NGN 303.6 per share, followed by Champion Breweries (+10%) and Neimeth International Pharma (+10%).
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On the losing side, Julius Berger Nigeria came out last with an end-of-day price depreciation of 7.48% at NGN 117.50 per share, followed by Chams (-5.09%), Secure Electronic Technology (-5%) and Multiverse Mining & Exploration (-4.66%). Fidelity Bank recorded the highest volume of 142 million traded shares, followed by Zenith Bank (46.3m), Nigerian Breweries (38.1m) and FTN Cocoa Processors (38m).
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