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Stock market gains N95 billion on a positive trajectory

Chris Ugwu by Chris Ugwu
May 6, 2023
in Markets, Stock Market
NGX market capitalization gains N29 billion to close the week positive.
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Article summary 

  • Trading activities were positive as Investors gain N95 billion to close the first trading week.
  • The All-Share Index increased by +0.33% to close the day at 52,466.52 points after recording 52,290.75 points in the previous day’s trading session.
  • Learn Africa Plc leads 37 gainers with a +10% gain while Transcorp Plc was the biggest loser as it lost -9.77% amongst 12 equities that closed the week negative.

Trading activities on the floor of the Nigerian Exchange Limited (NGX) finished the trading day with a gain of N95 billion in market capitalization as bulls sustained their grip on the local bourse.

Consequently, the All-Share Index appreciated by 174.56 basis points or 0.33% to close at 52,465.31 index points as against 52,290.75 recorded the previous trading session while market capitalization of equities grew by N95 billion from N28.472 trillion the previous day to N28.567 trillion as market sentiment remained the positive territory.

The local bourse recorded 37 gainers led by Learn Africa Plc and CWG Plc against 12 losers led by Transcorp Plc to close the market breadth positive.

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Meanwhile, a turnover of 482.59 million shares exchanged in 5,298 deals was recorded in the day’s trading.

Market Indices 

  • NGX ASI: 52.465.31 points
  • Previous ASI: 52.290.75 points
  • % Day Change: 0.33% 
  • % Y-t-D: 2.37%
  • Market Cap (N): 28.567 trillion
  • Volume: 1.27 billion
  • Value (N): N5.64 billion
  • Deals: 5,298

NGX Top ASI gainers

  • LEARN AFRICA gained +10% to close at N2.42
  • CWG gained +10% to close at N1.32
  • INTENGINS gained +9.73% to close at N1.24 per share
  • CUSTODIAN gained +9.65% to close at N6.25 per share
  • MEYER gained +9.46% to close at N2.43 per share

NGX Top ASI losers  

  • TRANSCORP was down by -9.77% to close at N1.94 per share
  • LIVINGTRUST was down by -9.73% to close at N2.69 per share
  • MCNICHOLS was down by -9.72% to close at N0.65 per share
  • VERITASKAP was down by -4.76% to close at N0.20 per share
  • JAIZBANK was down by -4.21% to close at N0.91 per share

Top 3 By Volume

  • ACCESSCORP 168,781,634
  • UBA 53,507,490
  • FIDELITYBK 36,010,078

Top 3 By Value

  • ACCESSCORP N1,854,266,455
  • ZENITHBANK N795,997,249
  • UBA N422,419,002

 


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Tags: NGX
Chris Ugwu

Chris Ugwu

Chris is a Senior Financial Analyst at Nairametrics Advocates Limited with over a decade stint in active journalism and public relations practice.

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