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Nairametrics
Home Markets

NASCON gains as NGX reverse yesterday’s loss to close positive

Nathanael Disu by Nathanael Disu
May 26, 2023
in Markets, Stock Market
NASCON gains as NGX reverse yesterday’s loss to close positive
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Article Summary

  • Key market indices of the NGX traded higher in the broad market.
  • The All-Share Index (ASI) traded 0.29% higher to close at 52,973.88 points as market capitalization gained N45 billion to close at N28.844 trillion.
  • NASCON Plc (10.00%) led the gainers while UBA Plc was the most traded equity in terms of volume.

The Nigerian Exchange (NGX) reversed yesterday’s losses to close positive in today’s trading activities.

The All-Share Index (ASI) traded 0.29% higher to close at 52,973.88 index points as against 52,821.64 index points recorded in the previous day’s trading session.

The market capitalization of equities appreciated by N82 billion to close at N28.844 trillion, a 0.28% gain compared to the N28.762 trillion recorded in yesterday’s trading session.

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Market breadth closed positive as NASCON Plc (10.00%) led the gainers, SOVRENINS (-7.69%) led the losers while UBA Plc was the most traded equity – by volume – at the end of today’s session.

Market Indices

Below are market indices for today’s trading session:

  • NGX ASI: 52,973.88 points
  • Previous ASI: 52,821.64 points
  • % Day Change: +0.29%
  • % YTD: +3.36%
  • Market Cap: N28.844 trillion
  • Volume Traded: 461.78 million
  • Value: N7.67 billion
  • Deals: 6,520

NGX TOP GAINERS

  • NASCON gained 10.00% to close at N15.40 per share
  • CONOIL gained 9.98% to close at N47.95 per share
  • NEM gained 9.95% to close at N4.75 per share
  • FTNCOCOA gained 9.68% to close at N0.68 per share
  • NCR gained 9.68% to close at N3.06 per share

NGX TOP LOSERS

  • SOVRENINS was down by -7.69% to close at N0.36 per share
  • MBENEFIT was down by -5.56% to close at N0.34 per share
  • NGXGROUP was down by -4.04% to close at N27.35 per share
  • ROYALEX was down by -4.00% to close at N0.48 per share
  • TANTALIZER was down by -3.85% to close at N0.25 per share

TOP 3 BY VOLUME

  • UBA                     59,406,008
  • ACCESSCORP      51,491,667
  • ZENITHBANK      50,013,174

TOP 3 BY VALUE

  • ZENITHBANK      N1,340,521,218
  • GTCO                    N1,116,297,068
  • ACCESSCORP      N581,168,965

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Tags: nasconNGXUBA Plc
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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