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Nigerian stock market closes negative as investors lose N36 billion 

Inimfon Asifa by Inimfon Asifa
March 14, 2023
in Markets, Stock Market
The stock market closes negative as investors lose N17 billion
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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 55,722.9 points. In the same vein, Market Capitalization declined by N36 billion to close at N30.355 trillion while the Year-to-Date (YtD) returns settled at 7.99%. The stock market has advanced by 4,127.24 basis points since the start of the year.  

Market breadth closed negative as ENAMELWA led 9 gainers, and 17 losers topped by CHAMS at the end of today’s session.   

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Market Indices  

  • NGX ASI: 55,722.9 points  
  • Previous ASI: 55,788.37 points  
  • Percentage Day Change: 0.12%  
  • Y-T-D: 7.99% 
  • Market Cap: N30.355 trillion 
  • Volume: 199.2 million  
  • Value: N2.81 billion  
  • Deals: 3,898 

 NGX Top ASI gainers  

  • ENAMELWA up + 9.57% to close at N17.75 
  • FTNCOCOA up + 7.69% to close at N0.28 
  • STERLNBANK up + 3.42% to close at N1.51 
  • UACN up + 3.26% to close at N9.50 
  • NGXGROUP up + 2.69% to close at N26.70 

NGX Top ASI losers 

  • CHAMS down – 8.00% to close at N0.23 
  • PRESTIGE down – 7.32% to close at N0.38 
  • LINKASSURE down – 6.82% to close at N0.41 
  • UPDC down – 6.80% to close at N0.96 
  • WEMABANK down – 6.05% to close at N4.04 

Top 3 by Volume  

  • STERLNBANK –31,092,585 
  • NEIMETH –20,177,846 
  • ZENITHBANK  –16,510,724 

Top 3 by Value  

  • AIRTELAFRI – N677,996,373 
  • ZENITHBANK -N412,519,094 
  • MTNN– N283,540,775 

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

Inimfon Asifa

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