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Home Markets Equities Stock Market

Nigeria’s stock market regains bullish mood as capitalisaton grows by N180 billion

Chidinma Anyalewechi by Chidinma Anyalewechi
June 21, 2022
in Stock Market
Nigerian Stock Exchange, NSE: Return of the Bulls, Bulls reign at the bourse as stocks gain N460.69 billion on Wednesday, Okomu, UACN, Ekocorp top gainers list on Friday, Stock Market closed the week bullish as ASI grew 0.94% , Investors gain N41.94 billion on Tuesday as Bulls make rebound, NSE: Bearish trade costa investors N12.2 billion on Tuesday, NEM, Mansard, First Bank lead gaining stocks as ASI grew 0.61%, Nigerian bourse breathes a sigh of relief, index up 0.17%, Bulls charged Nigerian bourse, ASI Index up 1.09% investors gain N128.49 billion, Bulls stage comeback has ASI up 0.19%, investors gain N21.86 billion, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls dominate Nigerian bourse investors gain N162 billion
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The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 66 basis points.

The NGX ASI closed at 51,091.75 points to reflect a growth of 0.66% from the previous trading day and a Year-to-Date (YTD) return of 19.61%. Meanwhile, the market capitalization grew by N180.61 billion.

At the close of the market on Tuesday, the 21st of June 2022, the stock exchange market value currently stands at N27.54 trillion at the end of the trading day.

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The market breadth closed negative as LIVESTOCK led 14 gainers and 22 losers, topped by LEARNAFRI at the end of the day’s session.

The stock market has advanced 8,375.31 base points since the start of the year.

NGX Top ASI gainers 

  • LIVESTOCK up +10.00% to close at N1.32
  • MRS up +9.80% to close at N16.25
  • DANGCEM up +8.30% to close at N270.00
  • NAHCO up +7.69% to close at N8.40
  • ROYALEX up +5.56% to close at N0.95

NGX Top ASI losers 

  • LEARNAFRI down – 10.00% to close at N2.25
  • BUAFOODS down – 10.00% to close at N49.50
  • JAPAUL down – 9.68% to close at N0.28
  • GLAXOSMITH down – 9.22% to close at N6.40
  • NASCON down – 8.56% to close at N11.75

NGX ASI Top Traded by Volume 

  • TRANSCORP – 19,338,212
  • UBA – 17,589,757
  • GTCO – 17,287,012

NGX ASI Top Traded by Value 

  • SEPLAT – N556,031,025.10
  • GTCO – N365,183,298.80
  • ZENITH – N281,888,425.40

Market sentiment trend towards the bulls despite the market differential being in favour of the decliners as 14 gainers were surpassed by 22 losers.


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Tags: FeaturedNGX
Chidinma Anyalewechi

Chidinma Anyalewechi

For further inquiries about this article, contact: Email: chidinma.anyalewechi@nairametrics.com LinkedIn: linkedin.com/in/chidinma-anyalewechi-a323ab173/

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Comments 1

  1. Hamad says:
    June 24, 2022 at 8:20 am

    Why there is difficulty, in processing asset of this company in banks?

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