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Nigerian Exchange Limited

Nigerian Stocks Market Posts Second Decline in 2022

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) posted its second decline in 2022 on Thursday as the NGX All-Share Index shed 0.01 percent to close at 44,604.74 index points.

Activity on the Exchange floor was mixed as investors traded 321,753,226 shares worth N3.655 billion in 4,565 transactions during the trading hours of Thursday, against 266,328,204 shares valued at N3.822 billion in 4,502 deals during the trading hours of Wednesday.

Market value of listed equities dipped slightly to N24.032 trillion, down from N24.034 trillion it closed on Wednesday.

Sectorial performance showed the NGX Banking Index gained 7bps on JAIZBANK (+6.06%), STERLNBANK (+0.66%), ETI (+0.58%) and ZENITHBANK (+0.20%). UBN (-1.77%) lost points. While the NGX Consumer Goods Index gained 16bps on INTBREW (+4.04%). Losers were HONYFLOUR (-2.35%) and UNILEVER (-1.49%).

The NGX Oil and Gas and Industrial Indexes closed flat.

The year-to-date return of the Exchange stood at 4.42 percent as 14 stocks closed in the green against a total of 15 stocks that lost points. See the other details below.

Top Gainers 

Symbols Last Close Current Change %Change
TRANSCORP N 1.03 N 1.13 0.10 9.71 %
CHIPLC N 0.63 N 0.68 0.05 7.94 %
REGALINS N 0.42 N 0.45 0.03 7.14 %
JAIZBANK N 0.66 N 0.70 0.04 6.06 %
INTBREW N 4.95 N 5.15 0.20 4.04 %

Top Losers

Symbols Last Close Current Change %Change
NEM N 4.40 N 3.96 -0.44 -10.00 %
CUSTODIAN N 7.90 N 7.15 -0.75 -9.49 %
UACN N 9.60 N 9.10 -0.50 -5.21 %
FTNCOCOA N 0.39 N 0.37 -0.02 -5.13 %
JAPAULGOLD N 0.45 N 0.43 -0.02 -4.44 %

Top Trades

Symbols Volume Value
TRANSCORP 104577412.00 115220278.03
JAIZBANK 66714125.00 45050551.78
MBENEFIT 13746763.00 3754719.34
FBNH 12587856.00 151301248.60
GTCO 10922827.00 277933410.55

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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