• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Nigerian Stocks: Investors gain N595 billion in one week

Ajibola Akamo by Ajibola Akamo
May 29, 2022
in Stock Market
The Nigerian Exchange

The Nigerian Exchange

Share on FacebookShare on TwitterShare on Linkedin

The Nigerian equities market rallied and posted gains of 2.09% for the week, continuing its bullish stance on the back of increased local participation and strong earning report for the first quarter of the year 2022. The performance also represents a boost in the moral of investors as the preceding week saw a bearish performance of 0.22%, as it added N595.9 Billion into the market.

This performance comes on the back of the Central Bank of Nigeria (CBN) voting unanimously to raise the benchmark interest rate to 13% after two years of expansionary monetary policy. This is the first time the CBN is raising the interest rate since September 2020, where the interest rate stood at 11.50%. CBN adopting a hawkish stance like the U.S. Federal Reserve, is targeted at curbing the rising rate of inflation in the country, while still cautiously ensuring economic growth.

As previously mentioned, the All-Share Index (ASI) gained by 2.09% from 52,979.96 points recorded as of the end of last week to close the week at 54,085.30 index points, while the market capitalization followed suit to close at N29.16 trillion. This brings the month-to-date performance of the Nigerian stock market to +8.96% and a year-to-date gain of 26.61%.

RelatedStories

Berger Paints,

Berger Paints reports N3.1 billion in Q2 sales as profit jumps on lower costs 

July 29, 2025
FTN COCOA, UNITY BANK leads as NGX top gainers for the week

Nigerian equities on a bullish roll, 18-day rally defies expectation 

July 29, 2025

Equity market performance

A total of 1.840 billion shares worth N27.286 billion in 27,273 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.021 billion shares valued at N31.784 billion that exchanged hands last week in 29,153 deals.

Just like in the previous week, the Financial Services Industry (measured by led the activity chart with 1.286 billion shares valued at N10.745 billion traded in 12,379 deals; thus contributing 69.90% and 39.37% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 251.105 million shares worth N1.659 billion in 1,371 deals. The third place was The Consumer Goods Industry, with a turnover of 105.601 million shares worth N2.522 billion in 4,263 deals.

Trading in the top three equities namely Ecobank Transnational Incorporation, Jaiz Bank Plc and Access Holdings Plc (measured by volume) accounted for 640.650 million shares worth N4.825 billion in 2,098 deals, contributing 34.81% and 17.68% to the total equity turnover volume and value respectively.

Despite the bullish performance by the market, which is majorly attributable to gains seen in AIRTELAFRI (+20.20%), we saw 15 indexes post declines for the week. Asides from the ASI, the NGX main board, was the only other index to post gains. NGX ASeM and NGX Sovereign Bond closed flat.

TOP GAINERS

  • IMG up +20.88% to close at N11.00
  • MRS up +20.59% to close at N16.40
  • AIRTELAFRI up +20.20% to close at N1,767.00
  • CONOIL up +9.95% to close at N34.25
  • FTNCOCOA up +9.37% to close at N0.35

TOP LOSERS

  • UACN down – 27.08% to close at N10.50
  • GSPECPLC down –18.77% to close at N2.77
  • ROYALEX down –14.04% to close at N0.98
  • RTBRISCOE down –13.85% to close at N0.56
  • JAIZBANK down –13.33% to close at ₦0.78

Summary

23 equities appreciated in price during the week, lower than 37 equities in the previous week. 54 equities depreciated in price, higher than 42 equities in the previous week, while 79 equities remained unchanged higher than 77 equities recorded in the previous week.


Follow us for Breaking News and Market Intelligence.
Tags: ASIMRS Oil Nigeria - NewsNGXSTOCKS
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

Berger Paints,
Companies

Berger Paints reports N3.1 billion in Q2 sales as profit jumps on lower costs 

July 29, 2025
FTN COCOA, UNITY BANK leads as NGX top gainers for the week
Equities

Nigerian equities on a bullish roll, 18-day rally defies expectation 

July 29, 2025
MRS Oil
Equities

MRS Oil shares suspended on NGX ahead of voluntary delisting, plans NASD listing 

July 26, 2025
InfraCredit’s Guarantee Supports Craneburg EKSG Motorway Company Plc’s Issuance Of N32.50 Billion 20-Year Senior Guaranteed Fixed-Rate Infrastructure Bonds Due 2045 
Equities

Craneburg lists N32.5 billion 20-year infrastructure bond on NGX with 22% coupon rate 

July 22, 2025
Muhammadu Buhari
Equities

Stock Market soared in Naira, sank in dollars during Buhari’s tenure 

July 17, 2025
GTCO to write off Aiteo loan and switch to aggressive recovery plan
Bank Recapitalization

GTCO lists 2.28 billion Public Offer shares on NGX after London debut, discloses price 

July 10, 2025
Next Post
Global stocks plunge over doubts of America's economic recovery

Is the sell off over? U.S stocks snap 8 week losing streak as bulls return

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Palmpay

first bank








DUNS

Recent News

  • Average PMS prices surge to N1,037 in June 2025 – NBS 
  • Ondo state approves flood mapping, N3.5 billion rural roads counterpart funding 
  • Dangote Cement set to commission 3Mta grinding plant in Côte d’Ivoire 

Follow us on social media:

Recent News

petrol pump

Average PMS prices surge to N1,037 in June 2025 – NBS 

July 31, 2025
Governor Lucky Aiyedatiwa

Ondo state approves flood mapping, N3.5 billion rural roads counterpart funding 

July 31, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics