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NGX closes negative with market capitalization down N162 billion

Inimfon Asifa by Inimfon Asifa
March 1, 2023
in Markets, Stock Market
Financial experts , NGX

Image credit: Nairametrics file

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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 0.53% to close at 55,508.61 points.

In the same vein, Market Capitalization declined by N162 billion to close at N30.238 trillion while the Year-to-Date (YtD) returns settled at 7.58%. The stock market has advanced by 3,912.95 basis points since the start of the year.

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Market breadth closed positive as VERITASKAP led 30 gainers, and 11 losers topped by JOHNHOLT at the end of today’s session.

Market Indices

  • NGX ASI: 55,508.61 points
  • Previous ASI: 55,806.26 points
  • Percentage Day Change: 0.53%
  • Y-T-D: 7.58%
  • Market Cap: N30.238 trillion
  • Volume: 565.8 million
  • Value: N6.57 billion
  • Deals: 4,340

NGX Top ASI gainers

  • VERITASKAP up + 10.00% to close at N0.22
  • ARDOVA up + 9.76% to close at N18.55
  • WEMABANK up + 8.75% to close at N4.35
  • TIP up + 8.33% to close at N0.52
  • GEREGU up + 8.20% to close at N298.10

NGX Top ASI losers

  • JOHNHOLT down – 9.66% to close at N1.59
  • ETI down – 7.69% to close at N12.00
  • AIRTELAFRI down – 5.25% to close at N1535.00
  • UCAP down – 3.91% to close at N14.75
  • FTNCOCOA down – 3.45% to close at N0.28

Top 3 by Volume

  • TRANSCORP–47,892,996
  • GTCO – 46,625,600
  • OANDO– 19,977,379

Top 3 by Value

  • GTCO – N1,258,247,986
  • AIRTELAFRI– N772,660,018
  • ZENITHBANK– N334,191,971

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

Inimfon Asifa

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