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Nairametrics
Home Markets Equities

NGX closes positive as investors gain N180 billion

Inimfon Asifa by Inimfon Asifa
February 23, 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 0.60% to close at 54,646.38 points. In the same vein, market capitalization grew by N180 billion to close at N29.768 trillion while the Year-to-Date (YtD) returns settled at 5.91%. The stock market has advanced by 3,050.72` basis points since the start of the year.  

Market breadth closed positive as MRS led 28 gainers, and 10 losers topped by TIP at the end of today’s session.  

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Market Indices  

  • NGX ASI:  54,646.38 points  
  • Previous ASI: 54,315.53 points  
  • Percentage Day Change: 0.60%  
  • Y-T-D: 5.91% 
  • Market Cap: N29,768 trillion  
  • Volume: 142.0 million  
  • Value: N1.84 billion  
  • Deals: 2,651 

 NGX Top ASI gainers  

  • MRS up + 9.88% to close at N27.80 
  • MCNICHOLS up + 9.09% to close at N0.60 
  • BUAFOODS up + 8.87% to close at N81.00 
  • CORNERST up + 8.33% to close at N0.65 
  • TRANSCOHOT up + 7.44% to close at N6.50 

 NGX Top ASI losers  

  • TIP down – 9.09% to close at N0.40 
  • NEIMETH down – 6.45% to close at N1.45 
  • CHIPLC down – 6.15% to close at N0.61 
  • VERITASKAP down – 4.76% to close at N0.20 
  • AIICO down – 1.67% to close at N0.59 

 Top 3 by Volume  

  • UBA – 32,420,346 
  • COURTVILLE – 15,975,803 
  • ZENITHBANK – 11,525,976 

Top 3 by Value  

  • ZENITHBANK – N292,131,427 
  • UBA– N272,123,839 
  • GTCO – N217,946,002 

 


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Inimfon Asifa

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