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Stock market starts week positive with market capitalization up N35 billion

Inimfon Asifa by Inimfon Asifa
January 23, 2023
in Markets, 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 positive amidst buy-interests and sell-offs, as bulls dominated proceedings and drove up the broad market. 

Consequently, the All-share Index (ASI) appreciated by 0.11% to close at 52,657.69 points.    

In the same vein, market capitalization grew by N18 billion to close at N28.681 trillion while the Year-to-Date (YtD) returns settled at 2.05%. The stock market has advanced by 1,062.03 basis points since the start of the year.    

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Market breadth closed positive as JOHNHOLT led 18 gainers, and 13 losers topped by CORNERST at the end of today’s session. 

 Market Indices  

  • NGX ASI: 52,657.69 points 
  • Previous ASI: 52,594.68 points 
  • Percentage Day Change: 0.11% 
  • Y-T-D: 2.05% 
  • Market Cap: N28,681trillion 
  • Volume: 143.7 million 
  • Value: N1.77 billion            
  • Deals: 4,078 

NGX Top ASI gainers 

  • JOHNHOLT up + 9.38% to close at N1.05 
  • NSLTECH up  + 9.09% to close at N0.24 
  • CHAMS up + 7.69% to close at N0.28 
  • GEREGU up + 6.92% to close at N148.40 
  • ABCTRANS up + 6.90% to close at N0.31 

NGX Top ASI losers 

  • CORNERST down – 10.00% to close at N0.54 
  • CWG down – 9.62% to close at N0.94 
  • JAPAULGOLD down – 6.67% to close at N0.28 
  • UNITYBNK down – 5.17% to close at N0.55 
  • COURTVILLE down – 4.00 % to close at N0.48

Top 3 by Volume 

  • FBNH– 19,656,108 
  • CHAMS – 11,218,160 
  • GTCO– 10,990,062

Top 3 by Value 

  • MTNN  – N326,846,830 
  • GTCO– N264,992,516 
  • ZENITHBANK- N243,456,025 

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Tags: Nigeria Stock Exchangestock market
Inimfon Asifa

Inimfon Asifa

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