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Home Markets Equities

Nigerian Exchange closes positive as investors gain N44 billion

Inimfon Asifa by Inimfon Asifa
January 31, 2023
in Equities, Markets, Stock Market
Stock market: Analysts see positive sentiment despite headwinds
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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 0.15% to close at 53,238.67 points.    

In the same vein, Market Capitalization grew by N44 billion to close at N28.997 trillion while the Year-to-Date (YtD) returns settled at 3.18%. The stock market has advanced by 1,643.01 basis points since the start of the year.    

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Market breadth closed positive as LIVINGTRUST led 29 gainers, and 18 losers topped by CHAMS at the end of today’s session. 

 Market Indices  

  • NGX ASI:  53,238.67 points 
  • Previous ASI: 53,157.83 points 
  • Percentage Day Change: 0.15% 
  • Y-T-D: 3.18% 
  • Market Cap: N28,997 trillion 
  • Volume: 250.1 million 
  • Value: N5.88 billion            
  • Deals: 4,328 

NGX Top ASI gainers 

  • LIVINGTRUST up + 10.00% to close at N1.98 
  • VERITASKAP up  + 10.00% to close at N0.22 
  • GEREGU up + 10.00% to close at N193.60 
  • JOHNHOLT up + 9.92% to close at N1.33 
  • SCOA up + 9.78% to close at N1.01 

 NGX Top ASI losers 

  • CHAMS down – 10.00% to close at N0.27 
  • NCR down –10.00%  to close at N3.24 
  • UNITYBNK down – 9.09% to close at N0.50 
  • ROYALEX down – 8.97% to close at N0.71 
  • JAPAULGOLD down – 8.33% to close at N0.33 

 Top 3 by Volume 

  • UNIVINSURE–48,553,615 
  • GTCO –14,158,875 
  • ZENITHBANK–12,516,967 

Top 3 by Value  

  • AIRTELAFRI  – N3,309,671,760 
  • GEREGU – N607,992,660 
  • GTCO – N353,772,966 

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

Inimfon Asifa

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Comments 1

  1. Mercy says:
    January 31, 2023 at 6:39 pm

    Good Capital appreciation from GEREGU.
    Hopefully investors will benefit much more here. Waiting to see the result and dividend declared.

    Reply

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