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Nairametrics
Home Markets

Stock market opens week positive with N62 billion gain 

Chris Ugwu by Chris Ugwu
May 8, 2023
in Markets, Stock Market
NGX, Foreign Portfolio Investment
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Article summary  

  • The Nigerian stock market opened the week on a positive note following improved investors’ optimism.  
  • The All-Share Index increased by +0.22% to close the day at 52,579.52 points.  
  • NGX market capitalization rose to N28.629 trillion as Multiverse Plc led gainers.  

Trading activities on the floor of the Nigerian Exchange Limited (NGX) closed on a positive trajectory following improved investors ‘confidence. 

Shares of Multiverse Plc and CWG Plc were among the top gainers on Monday as the All-Share Index appreciated by +0.22% to close at 52,579.52 index points, while the market capitalization of equities equally drew by +0.22% or N62 billion to finish at N28.629 trillion. 

Consequently, the Year-To-Date returns stand at +2.59%. 5,883 deals worth N7.14 billion were traded on the floor of the exchange as ACCESSCORP, FBNH, and UBA were among the top traded stocks by volume  

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Market Indices  

 Below are the market indices for today’s trading session:  

  •  NGX ASI: 52,579.52 points  
  • Previous ASI: 52,465.31 points  
  • % Day Change: +0.22%  
  • % YTD: +2.59%  
  • Market Cap: N28.629 trillion  
  • Volume Traded: 511.38 million  
  • Value: N7.14 billion  
  • Deals: 5,883  

 NGX TOP ASI GAINERS  

  • MULTIVERSE gained +10.00% to close at N3.41 per share  
  • REDSTAREX gained +9.96% to close at N2.65 per share  
  • CWG gained +9.85% to close at N1.45 per share  
  • MCNICHOLS gained +9.23% to close at N0.71 per share  
  • INTBREW gained +6.82% to close at N4.70 per share  

 NGX TOP ASI LOSERS  

  • CILEASING was down by -9.80% to close at N3.59 per share  
  • TRANSCORP was down by -7.73% to close at N1.79 per share  
  • FTNCOCOA was down by -6.90% to close at N0.27 per share  
  • CHAMS was down by -6.45% to close at N0.29 per share  
  • CUSTODIAN was down by -4.80% to close at N5.95 per share  

 TOP 3 BY VOLUME  

  • ACCESSCORP 167,614,668  
  • FBNH 91,293,565  
  • UBA 78,060,831  

TOP 3 BY VALUE  

  • ACCESSCORP N1,916,457,656  
  • FBNH N1,091,666,671  
  • UBA N623,440,600  

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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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