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All-Share Index closed negative as NGX loses N256 billion

Nathanael Disu by Nathanael Disu
May 18, 2023
in Markets, Stock Market
Stocks falls as NGX depreciates by N14 billion
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Article Summary

  • 4-day bullish run ends at the NGX as Investors look to take profits.
  • The All-Share Index (ASI) traded 0.90% lower to close at 52,109.43 points as market capitalization lost N256 billion to close at N28.374 trillion.
  • ACADEMY Plc (-10.00%) was the top loser while ACCESS HOLDINGS was the most traded equity in terms of volume.

Investors on the floor of The Nigerian Exchange (NGX) look to take profits as the local bourse closed negative in today’s trading session to break a 4-day bullish sentiment.

The All-Share Index (ASI) traded 0.90% lower to close at 52,109.43 index points as against 52,580.86 index points recorded in the previous day’s trading session.

The market capitalization of equities depreciated by -N256 billion to close at N28.374 trillion, a 0.90% loss compared to the N28.630 trillion recorded in yesterday’s trading session.

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Market breadth closed negative as ACADEMY (-10.00%) led the losers, ABCTRANS (10.00%) led the gainers while ACCESS HOLDINGS Plc was the most traded equity at the end of today’s session.

Market Indices

Below are market indices for today’s trading session:

  • NGX ASI: 52,109.43 points
  • Previous ASI: 52,580.86 points
  • % Day Change: -0.90%
  • % YTD: +1.67%
  • Market Cap: N28.374 trillion
  • Volume Traded: 334.24 million
  • Value: N5.15 billion
  • Deals: 5,350

NGX TOP GAINERS

  • ABCTRANS gained 10.00% to close at N0.44 per share
  • MRS gained 9.97% to close at N40.80 per share
  • NPFMCRFBK gained 9.37% to close at N1.75 per share
  • COURTVILLE gained 9.30% to close at N0.47 per share
  • TRIPPLEG gained 9.26% to close at N2.95 per share

NGX TOP LOSERS

  • ACADEMY was down by -10.00% to close at N1.53 per share
  • ARDOVA was down by -9.88% to close at N22.35 per share
  • MCNICHOLS was down by -9.33% to close at N0.68 per share
  • HONYFLOUR was down by -8.62% to close at N2.65 per share
  • REGALINS was down by -6.25% to close at N0.30 per share

TOP 3 BY VOLUME

  • ACCESSCORP      64,689,023
  • GTCO                    51,123,475
  • ZENITHBANK      29,058,428

TOP 3 BY VALUE

  • GTCO                    N1,340,548,041
  • ZENITHBANK      N725,712,418
  • ACCESSCORP      N656,268,044

Follow us for Breaking News and Market Intelligence.
Tags: NGX
Nathanael Disu

Nathanael Disu

Nathanael Disu is a Financial Analyst at Nairametrics. He also runs a Financial Intelligence Bootcamp which helps individuals get better understanding of their Money.

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