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Nairametrics
Home Business News

NGX closes positive with market capitalization up N88 billion

Inimfon Asifa by Inimfon Asifa
March 2, 2023
in Business News
NGX closes positive with market capitalization up N88 billion
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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 0.29% to close at 55,670.24 points.  

In the same vein, Market Capitalization grew by N88 billion to close at N30.326 trillion while the Year-to-Date (YtD) returns settled at 7.89%. The stock market has advanced by 4,074.58 basis points since the start of the year.  

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Market breadth closed negative as SUNUASSUR led 17 gainers, and 25 losers topped by SOVRENINS at the end of today’s session.   

Market Indices  

  • NGX ASI: 55,670.24 points  
  • Previous ASI: 55,508.61 points  
  • Percentage Day Change: 0.29%
  • Y-T-D: 7.89% 
  • Market Cap: N30.326 trillion  
  • Volume: 206.1 million  
  • Value: N30.3 billion  
  • Deals: 4,385 

NGX Top ASI gainers  

  • SUNUASSUR up + 10.00% to close at N0.44 
  • DANGSUGAR up + 9.94% to close at N19.35 
  • MCNICHOLS up + 9.72% to close at N0.79 
  • GEREGU up + 9.02% to close at N325.00 
  • NASCON up + 8.93% to close at N12.20 

NGX Top ASI losers 

  • SOVRENINS down – 10.00% to close at N0.27 
  • ACADEMY down – 9.38% to close at N1.16 
  • TRANSCORP down – 7.97% to close at N1.27 
  • CHAMS down – 7.14% to close at N0.26 
  • NGXGROUP down – 6.55% to close at N27.10 

 Top 3 by Volume  

  • TRANSCORP–29,746,484 
  • ACCESSCORP –18,645,135 
  • UACN–14,021,246 

Top 3 by Value  

  • AIRTELAFRI – N959,114,174 
  • GTCO – N348,627,773 
  • ZENITHBANK– N244,604,831

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Inimfon Asifa

Inimfon Asifa

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Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 1.06%

NGX Group Plc reports 65% drop in pre-tax profits for full year 2022

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