Nigeria Stock Market All Share Index closes 2023 with 45.9% gain

On the final trading day of 2023, the NGX has rallied to a new high, as the All-Share Index appreciated by 0.36% to close at 74,773.77 points.

Achieving a year-to-date growth of 45.90% in 2023, the NGX closed the year on an impressive note, its best return since 2020, when the ASI grew by 50.03%.

In today’s trading session, equities gained N148 billion as the market capitalization closed at N40.92 trillion, from yesterday’s N40.77 trillion.

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As some of the big market players, MTNN, GTCO, BUAFOODS and ZENITHBANK experienced share price movements.

There was a slight decline in trading volume to 368.629 million units, from yesterday’s 384.576 million units. However, there was an appreciation in market turnover value to N12.82 billion, from yesterday’s N N5.67 billion.

Market Indices

Here are the market Indices for today’s trading session

NGX All-Share Index: 74,773.77 points

% Day Change: +0.36%

Day’s Lowest: 74,366.97 points

Day’s Highest: 74,850.26 points

% YTD: +45.90%

Market Cap: N40.92 trillion

Volume Traded: 368.63 million units

Top Gainers

LEARNAFRCA: +10.00% to close at N3.19
TRANSCOHOT: +10.00% to close at N70.18
MULTIVERSE: +9.95% to close at N18.57
ABBEYBDS: +9.90% to close at N2.25
IMG: +9.80% to close at N13.45

Top Losers

DEAPCAP: -6.90 to close at N0.58
SNUASSUR: -5.17% to close at N1.10
FTNCOCOA: -4.52% to close at N1.48
NAHCO: -4.51% to close at N25.40
TANTALIZER: -4.8% to close at N0.47

Top Traded Stocks

In terms of volume, ZENITHBANK (+1.18%) led with 28.88 million units, followed by CONHALLPLC (+9.79%) with 26.62 million units, JAIZBANK (+4.86%) with 24.61 million units, GEREGU (0.00%) with 20.05 million units, and ACCESSCORP (-0.22%) with 17.63 million units.

Concerning value, GEREGU (0.00%) led with N7.22 billion, followed by ZENITHBANK (+1.18%) with N1.116 billion, GTCO (+1.12%) with N484.89 million, JBERGER (+8.04%) with N414.78 million, and ACCESSCORP (-0.22%) with N407.06 million.

SWOOT and FUGAZ Update

Trading sentiment was quite mixed for stocks worth over N1 trillion, as ZENITHBANK (+1.18%), GTCO (+1.12%), and MTNN (+0.57%) recorded price gains, while BUAFOODS (-2.77%) and AIRTELAFRI (-0.03%) recorded price losses. Other members of the category (BUACEMENT, DANGCEM, and SEPLAT) recorded no price movement.

There was also mixed trading sentiment for tier-1 banks as FBNH (-0.21%) and ACCESSCORP (-0.22%) recorded price losses, while ZENITHBANK, GTCO, and UBA (+2.19%) recorded price gains.

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