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NGX gains N17 billion as stocks maintain bullish momentum

Nathanael Disu by Nathanael Disu
May 31, 2023
in Markets, Stock Market
NGX gains N17 billion as stocks maintain bullish momentum
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Article Summary

  • Key Market Indices closed positive to maintain bullish momentum.
  • The All-Share Index (ASI) traded 0.05% higher to close at 55,769.28 points as market capitalization gained N13 billion to close at N30.367 trillion.
  • VERITASKAP (10.00%) led the gainers while ACCESS HOLDINGS Plc was the most traded equity in terms of volume.

The Nigerian Exchange (NGX) closed positive at the end of today’s trading session.

The All-Share Index (ASI) traded 0.05% higher to close at 55,769.28 index points as against 55,738.35 index points recorded in the previous day’s trading session.

The market capitalization of equities gained N17 billion to close at N30.367 trillion, a 0.05% gain compared to the N30.350 trillion recorded in the previous trading session.

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Market breadth closed positive as VERITASKAP (10.00%) led the gainers, NASCON (-9.79%) led the losers while ACCESS HOLDINGS Plc was the most traded equity – by volume – at the end of today’s session.

Market Indices

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

  • NGX ASI: 55,769.28 points
  • Previous ASI: 55,738.35 points
  • % Day Change: +0.05%
  • % YTD: +8.81%
  • Market Cap: N30.367 trillion
  • Volume Traded: 661.51 million
  • Value: N18.99 billion
  • Deals: 10,024

NGX TOP GAINERS

  • VERITASKAP gained 10.00% to close at N0.22 per share
  • JAIZBANK gained 10.00% to close at N1.21 per share
  • MCNICHOLS gained 10.00% to close at N0.77 per share
  • CONOIL gained 9.96% to close at N57.95 per share
  • MRS gained 9.93% to close at N44.85 per share

NGX TOP LOSERS

  • NASCON was down by -9.79% to close at N15.20 per share
  • RTBRISCOE was down by -9.76% to close at N0.37 per share
  • GLAXOSMITH was down by -9.58% to close at N7.55 per share
  • CAVERTON was down by -9.35% to close at N1.26 per share
  • DEAPCAP was down by -9.09% to close at N0.20 per share

TOP 3 BY VOLUME

ACCESSCORP      98,730,824

UBA                      90,198,594

ZENITHBANK      44,535,182

TOP 3 BY VALUE

ZENITHBANK      N1,262,914,766

ACCESSCORP      N1,194,656,226

GTCO                    N1,129,025,833


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Tags: MRS Oil Nigeria - NewsNGX
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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