L – R (B) shows Adebayo Opatade, Chief Finance Officer, Nigerian Exchange Limited (NGX); Jude Chiemeka, Divisional Head, Capital Markets, NGX; Laurence Monmayrant, Consul General, France Consulate, Lagos; Usman Mohammed, Chairman, Franco-Nigerian, Chamber of Commerce and Industry; Irene Robinson-Ayanwale, Divisional Head, Business Support Services/General Counsel, NGX; Dr. Olufemi Oyenuga, Chief Digital Officer, Nigerian Exchange Limited (NGX); during a Closing Gong Ceremony for the Franco-Nigerian Chamber of Commerce and Industry, in honour of the French Consul General, Lagos on Tuesday, May 23, 2023 in Lagos.
Equities Market sustains bullish trend as NGX-ASI advances by 0.48%
Trading activities in the Nigeria Equities Market closed positive on Tuesday as the NGX-ASI increased by 0.48% to close at 52,621.19 compared to 52,369.13 recorded at the close of the previous trading day; indicating a YTD return of +2.67%.
Market capitalization grew by N137.29 billion to N28.7 trillion from N28.5153 trillion recorded at the close of the previous trading day, while the market turnover increased to N5.17 billion from N4.05 billion recorded at the close of the previous trading day.
At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 350,974,154 shares in 5,946 deals, corresponding to a market value of NGN 5,169,167,802.09, were traded. Compared with the previous NGX trading day (Monday, May 22), today’s data shows 11% improvement in volume, 28% improvement in turnover, and 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.7 trillion.
In the aggregate, 114 NGX listed equities participated in trading, ending with 33 gainers and 15 losers. Transcorp Nigeria led the gainers with 9.85% share price appreciation closing at NGN 2.90 per share, followed by Tripple Gee & Co. (+9.83%), Unilever Nigeria (+9.7%) and University Press (+9.63%).
On the losing side, Chellarams came out last with an end-of-day price depreciation of 9.94% at NGN 1.63 per share, followed by Sunu Assurances Nigeria (-9.43%), C&I Leasing (-8.83%) and Japaul Gold and Ventures (-5.71%).
United Bank for Africa recorded the highest volume of 62.4 million traded shares, followed by Zenith Bank (59m), Guaranty Trust Holding (31.7m) and Access Holdings (19.5m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 252.06 (0.48%) points to close at 52,621.19, representing a 1-week gain of 0.39%, a 4-week gain of 2.46%, and an overall year-to-date gain of 2.67%.
Other remarkable indices that performed were the NGX Top 50 Index (+1.34%; +3.39% 1WK; +9.55% YTD), NGX Top 30 Index (+0.7%; +0.19% 1WK; +3.15% YTD), NGX Banking Index (+1.55%; +4.28% 1WK; +15.22% YTD), NGX Pension Index (+1.52%; +3.38% 1WK; +15.2% YTD), NGX Premium Index (+0.53%; +1.47% 1WK; +13.97% YTD), and NGX Main Board Index (+0.44%; -0.38% 1WK; -0.5% YTD).
