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Home Markets Equities

Stock market closes negative with market capitalization down N18 billion

Inimfon Asifa by Inimfon Asifa
January 20, 2023
in Equities, Stock Market
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 1.06%
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The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs as bears dominated proceedings, driving down the broad market.

The All-share Index (ASI) depreciated by 0.06% to close at 52,594.68 points.

In the same vein, Market Capitalization declined by N18 billion to close at N28.646 trillion while the Year-to-Date (YtD) returns settled at 1.93%. The stock market has advanced by 999.02 basis points since the start of the year.

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Market breadth closed positive as ABBEYBDS led 15 gainers, and 13 losers topped by LINKASSURE at the end of today’s session.

Market Indices

  • NGX ASI: 52,594.68 points
  • Previous ASI: 52,626.42points
  • Percentage Day Change: 0.06%
  • Y-T-D: 1.93%
  • Market Cap: N28,646trillion
  • Volume: 443.7 million
  • Value: N1.68 billion
  • Deals: 3,100

NGX Top ASI gainers

  • ABBEYBDS up + 9.80% to close at N1.68
  • PRESTIGE up + 9.52% to close at N0.46
  • INTENEGINS up + 8.89% to close at N0.49
  • CORNERST up + 7.14% to close at N0.60
  • UNITYBNK up + 3.57% to close at N0.58

NGX Top ASI losers

  • LINKASSURE down – 9.62% to close at N0.47
  • CHIPLC down – 7.35% to close at N0.63
  • MBENEFIT down – 3.23% to close at N0.30
  • DANGSUGAR down – 2.58% to close at N17.00
  • JAIZBANK down – 2.22% to close at N0.88

Top 3 by Volume

  • VERITASKAP– 347,052,571
  • ACCESSCORP – 11,346,864
  • ZENITHBANK– 6,975,413

Top 3 by Value

  • NESTLE – N487,651,627
  • ZENITHBANK– N170,899,566
  • MTNN – N116,917,477

Follow us for Breaking News and Market Intelligence.
Tags: NGX ASI Top losers
Inimfon Asifa

Inimfon Asifa

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