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Home Markets Equities

Nigerian stock market closes negative with market capitalization down by N36 billion 

Inimfon Asifa by Inimfon Asifa
February 9, 2023
in Equities, Markets, Stock Market
Stock market: Analysts see positive sentiment despite headwinds
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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 0.12% to close at 54,359.9 points.  

In the same vein, Market Capitalization declined by N36 billion to close at N29.608 trillion while the Year-to-Date (YtD) returns settled at 5.34%. The stock market has advanced by 2,760.24 basis points since the start of the year.  

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Market breadth closed negative as NNFM led 16 gainers, and 17 losers topped by GLAXOSMITH at the end of today’s session.  

Market Indices  

  • NGX ASI: 54,359.9 points  
  • Previous ASI: 54,427.05 points  
  • Percentage Day Change: 0.12%  
  • Y-T-D: 5.34% 
  • Market Cap: N29.608 trillion
  • Volume: 225.3 million  
  • Value: N3.14 billion  
  • Deals: 3,339 

NGX Top ASI gainers  

  • NNFM up + 9.74% to close at N10.70 
  • REDSTAREX up + 9.49% to close at N2.77 
  • TRANSEXPR up + 9.46% to close at N0.81 
  • SUNUASSUR up + 9.38% to close at N0.35 
  • TRIPPLEG up + 8.70% to close at N1.25 

NGX Top ASI losers  

  • GLAXOSMITH down – 7.91% to close at N6.40 
  • VERITASKAP down – 4.76% to close at N0.20 
  • CORNERST down – 4.76% to close at N0.60 
  • WAPIC down – 4.44% to close at N0.43 
  • FIDELITYBK down – 3.39% to close at N5.70 

Top 3 by Volume  

  • UNIVINSURE –71,809,905 
  • GTCO–22,316,890 
  • STERLNBANK –12,909,214 

Top 3 by Value  

  • GTCO– N560,373,933 
  • SEPLAT– N515,910,193 
  • AIRTELAFRI– N272,856,795 

 

 

 

  


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Tags: Nigerian Exchange (NGX)
Inimfon Asifa

Inimfon Asifa

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