The Nigerian Exchange (NGX) closed positive amidst buy-interests and sell-offs as bulls dominated proceedings, driving up the broad market.
The All-share Index (ASI) appreciated by 0.94% to close at 53,157.83 points.
In the same vein, market capitalization grew by N272 billion to close at N28.681 trillion while the Year-to-Date (YtD) returns settled at 3.02%. The stock market has advanced by 1,562.17 basis points since the start of the year.
Market breadth closed positive as JOHNHOLT led 28 gainers, and 15 losers topped by WAPIC at the end of today’s session.
Market Indices
- NGX ASI: 53,157.83 points
- Previous ASI: 52,657.88 points
- Percentage Day Change: 0.94%
- Y-T-D: 3.02%
- Market Cap: N28,953 trillion
- Volume: 201.3 million
- Value: N5.66 billion
- Deals: 4,332
NGX Top ASI gainers
- JOHNHOLT up + 10.00% to close at N1.21
- GEREGU up + 10.00% to close at N176.00
- NAHCO up + 9.62% to close at N8.55
- INTENEGINS up + 9.52% to close at N0.69
- MAYBAKER up + 8.26% to close at N4.85
NGX Top ASI losers
- WAPIC down – 8.89% to close at N0.41
- TRIPPLEG down –8.57% to close at N0.96
- ROYALEX down – 7.14% to close at N0.78
- HONYFLOUR down – 6.44% to close at N2.18
- UPDC down – 5.94% to close at N0.95
Top 3 by Volume
- ZENITHBANK– 36,763,207
- GTCO –23,344,968
- TRANSCORP– 17,122,705
Top 3 by Value
- GEREGU – N1,792,485,815.
- AIRTELAFRI – N1,065,275,623
- ZENITHBANK – N924,143,387
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Did you notice something? NGX had it’s Annual Review and Outlook. Yet I observed not much press reviews nor mention. In the past, one month after such events, one will still be seeing reviews and press photographs. Perhaps the anonymity had been discovered or that described the event a SCAM are right after all. Believe it, some sections of the press described the event as a scam.
Companies have started releasing snippets of their profitability during 2022. We are awaiting the excuse for diminished profit from the self-regulator soon. A scam of management