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The stock market closes bearish as investors lose N622 billion

Inimfon Asifa by Inimfon Asifa
March 27, 2023
in Markets, Stock Market
NGX market capitalization gains N29 billion to close the week positive.
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Key Highlights

  • The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs, with bears regaining dominance, driving down the broad market.
  • The All-share Index (ASI) depreciated by 2.07% to close at 53,750.77 points, and Market Capitalization declined by N622 billion to close at N29.281 trillion while the Year-to-Date (YtD) returns settled at 4.17%.
  • Market breadth closed negative as COURTVILLE led 5 gainers, and 21 losers topped by NCR at the end of today’s session.

The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs as bears regain dominance, driving down the broad market.  

The All-share Index (ASI) depreciated by 2.07% to close at 53,750.77 points.  

In the same vein, Market Capitalization declined by N622 billion to close at N29.281 trillion while the Year-to-Date (YtD) returns settled at 4.17%. The stock market has advanced by 2,155.11 basis points since the start of the year.  

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Market breadth closed negative as COURTVILLE led 5 gainers, and 21 losers topped by NCR at the end of today’s session.  

Market Indices  

  • NGX ASI: 53,750.77 points  
  • Previous ASI: 54,892.53 points  
  • Percentage Day Change: 2.07%  
  • Y-T-D: 4.17% 
  • Market Cap: N29,281 trillion  
  • Volume: 100.8 million  
  • Value: N4.34 billion  
  • Deals: 3,279 

NGX Top ASI gainers  

  • COURTVILLE up + 6.67% to close at N0.48 
  • NPFMCRFBK up + 2.70% to close at N1.90 
  • AIICO up + 1.75% to close at N0.58 
  • FBNH up + 0.92% to close at N11.00 
  • ZENITH BANK up + 0.20% to close at N25.00 

NGX Top ASI losers 

  • NCR down – 9.79% to close at N2.12 
  • UNITYBNK down – 9.43% to close at N0.48  
  • PRESTIGE down – 8.89% to close at N0.41  
  • SUNUASSUR down – 8.33% to close at N0.44 
  • AIRTELAFRI  down – 8.31% to close at N1420.00 

Top 3 by Volume  

  • GTCO  – 12,835,737  
  • ZENITH BANK– 11,919,987 
  • UBA  –10,038,058 

Top 3 by Value  

  • MTNN– N1,926,627,142 
  • SEPLAT-N794,055,182 
  • AIRTELAFRI– N363,814,827 

 


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Tags: AIICO Insurance - NewsMTNNGXseplatstock market
Inimfon Asifa

Inimfon Asifa

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