Nigerian Exchange Limited

Nigerian Stock Market Extends Gain as NB, NAHCO, Livingtrust Top Gainers

Published

on

Despite the International Monetary Fund’s (IMF) negative growth projection for 2023, the Nigerian Exchange Limited (NGX) has continued to gain, Investors King reports.

The NGX All-Share Index appreciated by 0.12% from 51,595.66 index points reported on Tuesday to N5.657.56 index points on Wednesday.

Activity level was mixed as a total of 265,725,890 shares worth N13.529 billion were transacted in 4,156 deals, against 321,674,780 shares valued at N4.349 billion that exchanged hands in 4,122 transactions on Tuesday.

The market capitalisation of all listed equities stood at N28.136 trillion, a N33 billion gain when compared to N28.103 trillion realised on Tuesday.

A sectorial analysis showed the banking index appreciated by 51 basis points (bps) on 9.86%, 3.77%, 2.14% and 0.42% gains in Fidelity Bank, Ecobank, Sterling Bank and Zenith Bank, respectively. Unity Bank, UBA and Jaiz Bank closed in the red.

The consumer goods index also added 209bps as NB, Flour Mill, Cadbury and BUA Foods rose 10%, 5.63%, 2.52% and 2.10%. Champion and Dangote Sugar lost 10% and 0.31%, respectively.

The oil and gas index was unchanged while the industrial index closed in the red on a 1.79% decline in Bua Cement.

A total of 21 stocks gained against 12 stocks that closed in the red. On a year-to-date return, the Nigerian Exchange Limited is up by 0.79%. See other details below.

Top Five Gainers

Symbols Last Close Current Change %Change
NB N 41.00 N 45.10 4.10 10.00 %
NAHCO N 7.00 N 7.70 0.70 10.00 %
LIVINGTRUST N 1.60 N 1.76 0.16 10.00 %
FCMB N 3.51 N 3.86 0.35 9.97 %
FIDELITYBK N 4.36 N 4.79 0.43 9.86 %

Top Five Losers 

Symbols Last Close Current Change %Change
CHAMPION N 5.50 N 4.95 -0.55 -10.00 %
UNITYBNK N 0.59 N 0.55 -0.04 -6.78 %
UBA N 8.30 N 8.00 -0.30 -3.61 %
JAIZBANK N 0.90 N 0.87 -0.03 -3.33 %
CHIPLC N 0.67 N 0.65 -0.02 -2.99 %

Top Five Trades

Symbols Volume Value
BUACEMENT 101653798.00 9851327558.15
TRANSCORP 32770095.00 37143594.89
ACCESSCORP 22955773.00 199940692.05
GTCO 12226692.00 284427875.50
UBA 12213753.00 99412569.30
Exit mobile version