Nigerian Stock Exchange (NGX) Live
ASI Index | Year-to-Date | Market Cap. |
---|---|---|
104,663.34 (-421.91) | +29,889.57 (39.97%) | NGN 59.19Tr |
The Nigerian Stock Exchange (NGX, officially Nigerian Exchange Group) is a leading integrated market infrastructure in Africa servicing the continent’s largest economy. The Exchange provides capital access to companies seeking to take advantage of the financial markets to fund their business expansion. Likewise, NGX provides its pool of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives. In March 2021, the erstwhile Nigerian Stock Exchange was demutualized from a member-owned not-for-profit entity into a shareholder-owned, profit making entity Nigerian Exchange Group Plc.
NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalization. Additional indices are the NGX30 and NGX50 which respectively track the top 30 and 50 companies in terms of market capitalization and liquidity. Both indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalization—the number of a company’s listed shares, multiplied by the closing price, and multiplied by a capping factor.
Top Gainers (27) | ||
---|---|---|
ABCTRANS | 0.78 | +9.86% |
NEM | 7.30 | +9.77% |
LIVESTOCK | 1.70 | +9.68% |
NGXGROUP | 24.10 | +9.55% |
THOMASWY | 1.99 | +9.34% |
SOVRENINS | 0.47 | +9.30% |
Bottom Losers (19) | ||
---|---|---|
MCNICHOLS | 1.17 | -9.30% |
DAARCOMM | 0.71 | -8.97% |
UPDC | 1.40 | -7.89% |
MTNN | 247.50 | -7.58% |
AFRIPRUD | 7.10 | -5.96% |
REGALINS | 0.37 | -5.13% |
Listed companies/securities
NGX maintains three categories of listing: the Premium Board, the elite group of companies that meet stringent corporate governance, capitalization, and liquidity criteria; Main Board, the larger companies who are admitted to the bourse based on profitability or market capitalization; and Alternative Securities Market (ASeM), the smaller, high-growth emerging businesses. The listed equities below incorporate companies from all primary stock market segments.
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NGX TRADING SUMMARY FOR MONDAY, MARCH 18, 2024: At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 287,445,691 shares in 9,077 deals, corresponding to a market value of NGN 10,800,561,950.36, were traded. Compared with the previous NGX trading day (Friday, March 15), today's data shows 32% improvement in volume, 116% improvement in turnover, and 41% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.2 trillion.
In the aggregate, 120 NGX listed equities participated in trading, ending with 27 gainers and 19 losers. Associated Bus Company led the gainers with 9.86% share price appreciation closing at NGN 0.78 per share, followed by N.E.M. Insurance Company (+9.77%), Livestock Feeds (+9.68%) and Nigerian Exchange Group (+9.55%). On the losing side, McNichols came out last with an end-of-day price depreciation of 9.3% at NGN 1.17 per share, followed by Daar Communications (-8.97%), UPDC (-7.89%) and MTN Nigeria (-7.58%). United Bank for Africa recorded the highest volume of 46.2 million traded shares, followed by Guaranty Trust Holding (35.3m), Transcorp Nigeria (21.5m) and Zenith Bank (21.5m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 421.91 (-0.4%) points to close at 104,663.34, representing a 1-week gain of 2.57%, a 4-week gain of 2.22%, and an overall year-to-date gain of 39.97%. Other remarkable indices that performed were the NGX Top 30 Index (-0.52%; +2.21% 1WK; +39.31% YTD), NGX Insurance Index (+2.95%; +4% 1WK; +15.59% YTD), NGX Banking Index (+2.53%; +13.42% 1WK; +10.8% YTD), NGX Pension Index (+0.22%; +6.46% 1WK; +20.59% YTD), NGX Main Board Index (+0.14%; +1.02% 1WK; +37.92% YTD), and NGX Industrial Index (+0.03%; +0.12% 1WK; +77.14% YTD).