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Market dips slightly as Union Bank leads decliners on NGX

Nathanael Disu by Nathanael Disu
June 7, 2023
in Markets
Market dips slightly as Union Bank leads decliners on NGX

Bull (Image credit: Forbes.com)

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Article Summary

  • Key Market Indices closed slightly negative as NGX experiences marginal loss.
  • The All-Share Index (ASI) traded 0.02% lower to close at 56,024.52 points as market capitalization lost N8 billion to close at N30.505 trillion.
  • Union Bank Plc (-8.86%) led the losers while NPF Microfinance Bank Plc was the most traded equity in terms of volume.

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

The All-Share Index (ASI) traded 0.02% lower to close at 56,024.52 index points as against 56,038.85 index points recorded in the previous day’s trading session.

The market capitalization of equities depreciated by N8 billion to close at N30.505 trillion, a 0.02% marginal loss compared to the N30.513 trillion recorded in the previous trading session.

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Market breadth closed negative as UBN (-8.86%) led the losers, HONEYWELL FLOUR MILL (9.87%) led the gainers while NPF MICROFINANCE BANK 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: 56,024.52 points
  • Previous ASI: 56,038.85 points
  • % Day Change: -0.02%
  • % YTD: +9.31%
  • Market Cap: N30.505 trillion
  • Volume Traded: 397.62 million
  • Value: N6.54 billion
  • Deals: 5,613

NGX TOP GAINERS

  • HONYFLOUR gained 9.87% to close at N3.45 per share
  • ETERNA gained 9.87% to close at N12.25 per share
  • FTNCOCOA gained 9.86% to close at N0.78 per share
  • CORNERST gained 9.78% to close at N1.01 per share
  • WAPIC gained 9.52% to close at N0.46 per share

NGX TOP LOSERS

  • UBN was down by -8.86% to close at N7.20 per share
  • FLOURMILL was down by -4.20% to close at N33.10 per share
  • NGXGROUP was down by -3.11% to close at N28.00 per share
  • PRESTIGE was down by -2.44% to close at N0.40 per share
  • COURTVILLE was down by -2.08% to close at N0.47 per share

TOP 3 BY VOLUME

  • NPFMCRFBK 100,762,431
  • GTCO 43,031,489
  • JAPAULGOLD 27,838,449

TOP 3 BY VALUE

  • GTCO N1,197,154,166
  • ACCESSCORP N293,044,346
  • NPFMCRFBK N181,373,117

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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