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Nigerian stock market closes bearish with market capitalisation down N17 billion 

Inimfon Asifa by Inimfon Asifa
March 20, 2023
in 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 0.05% to close at 54,886.04 points. In the same vein, Market Capitalization declined by N17 billion to close at N29.899 trillion while the Year-to-Date (YtD) returns settled at 6.37%. The stock market has advanced by 3,290.38 basis points since the start of the year.  

Market breadth closed negative as ACCESSCORP led 19 gainers, and 14 losers topped by IKEJAHOTEL at the end of today’s session.  

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Market Indices  

  • NGX ASI: 54,886.04 points  
  • Previous ASI: 54,915.39 points  
  • Percentage Day Change: 0.05%  
  • Y-T-D: 6.37% 
  • Market Cap: N 29,899 trillion  
  • Volume: 1.17 million  
  • Value: N2.87 billion  
  • Deals: 3,066 

NGX Top ASI gainers  

  • ACCESSCORP up + 7.14% to close at N9.00 
  • CUTIX up + 5.69% to close at N 2.23 
  • UPL up + 5.53% to close at N 2.10 
  • CUSTODIAN up + 5.17% to close at N 6.10 
  • CHAMS up + 4.17% to close at N 0.25 

NGX Top ASI losers 

  • IKEJAHOTEL down – 9.52% to close at N1.14 
  • WAPIC down – 9.52% to close at N0.38 
  • STANBIC down – 8.52% to close at N36.50 
  • MULTIVERSE down – 5.80% to close at N3.25 
  • LIVESTOCK down – 5.50% to close at N 1.03 

Top 3 by Volume  

  • NEIMETH – 1,068,575,067  
  • UBA – 15,964,436 
  • ACCESSCORP – 13,033,191 

Top 3 by Value  

  • NEIMETH – N 1,581,492,086 
  • ZENITHBANK -N243,759,274 
  • DANGCEM – N172,734,400 

Follow us for Breaking News and Market Intelligence.
Tags: All Share IndexASINGXNigerian Exchange
Inimfon Asifa

Inimfon Asifa

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