The All-Share Index appreciated by 1.51% in the week ending May 26th, 2023 as the Nigerian stock market ended the week in the green.

This is in accordance with the data available on the Nigerian Exchange Group’s weekly stock market report.

The benchmark index, ASI, dropped from 52,187.93 points at the end of the previous week to 52,973.88 points this week, while the market capitalization was N28.845 trillion at the end of the week. As a result, the Nigerian stock market has had a positive month-to-date performance of 1.09% and a positive year-to-date gain of 3.36%.

The NGX Industrial Goods and NGX Growth indexes depreciated by 0.70% and 1.33%, respectively, while the NGX ASeM and NGX Sovereign Bond indices were flat. All other indices ended higher.

Investors traded 1.963 billion shares worth N33.899 billion in a total of 30,827 trades this week, compared to 3.029 billion shares worth N33.626 billion that changed hands in a total of 29,505 deals the previous week.

With 1.463 billion shares worth N18.028 billion moved in 15,593 deals, the Financial Services Industry dominated the activity chart in terms of volume, contributing 74.51% and 53.18%, respectively, to the overall stock turnover volume and value. The Conglomerates Industry came in second with 1,590 deals totaling 111.180 million shares for N371.360 million. With 4,641 transactions totaling 106.594 million shares worth N2.544 billion, the consumer goods industry came in third.

Trading volume in the top three stocks, United Bank for Africa Plc, Access Holdings Plc, and Zenith Bank Plc, totaled 800.611 million shares worth N11.751 billion in 7,351 deals, accounting for 40.78% and 34.66%, respectively, of the total equity turnover volume and value.

During the week, Sixty (60) equities appreciated in price during the week higher than forty-four (44) equities in the previous week. Twenty-one (21) equities depreciated in price lower than twenty-seven (27) in the previous week, while seventy-five (75) equities remained unchanged, lower than eighty-five (85) recorded in the previous week.

The Bond market saw a total of 12,837 units valued at N12.608 million traded during the week in 16 deals compared with a total of 126,110 units valued at N130.953 million transacted in previous week in 18 deals.

The Nigerian Bourse closed red at the close of market activities as bears took control and decline the overall market by 2 basis points on Thursday 25th May 2023.

The All-share Index (ASI) depreciate by 0.2% on the fourth trading day, resuming its first decline for the week to close at 52,821.60 points. The number reflects a gain of 1.37% for one week, 1.39% for the past four weeks, and 3.06% for the entire year.

A total of 111 NGX-listed equities were traded, displaying a negative market breadth, a gauge of investor confidence, with a total of 22 overall gainers and 24 overall losers.  The top gainers were FTN Cocoa Processors, which saw its share price increase by 8.77% to close at N0.62 per share, Tantalizers improved by 8.33%, Wapic Insurance improved by +7.14%, and Total Nigeria improved by +6.87%.

Conoil finished last on the losing side with a 9.92% price decrease at the day’s end, or N43.60 per share. Unilever Nigeria dropped by 8.28%, Eterna dropped by 6.21%, and PZ Cussons Nigeria dropped by 6.11%. The most shares were traded by United Bank for Africa, with 86.2 million, followed by Access Holdings with 67.4 million, Zenith Bank with 39.4 million, and Guaranty Trust Holding with 31 million.

Remarkable indices that performed were as follows: the NGX Top 30 Index (-0.09% Day Change; +1.54% One Week; +3.65% Year To Date), NGX Top 50 Index (-0.47% Day Change; +2.33% One Week; +9.48% Year To Date), NGX Oil & Gas Index (+0.23%; +1.18% One Week; +20.6% Year To Date), NGX Premium Index (-0.04% Day Change; +1.84% One Week; +14.46% Year To Date), NGX Industrial Index (-0.07% Day Change; +0.2% One Week; -1.35% Year To Date), and NGX Insurance Index (-0.08% Day Change; +4.45% One Week; +17.4% Year To Date).

At the conclusion of the trading session on the Nigerian Stock Exchange, 377,136,295 shares were exchanged in total over 5,879 deals, for a market value of N9,178,319,192.53 in contrast to the prior trading day. Data reveals a 17% drop in volume, a 17% rise in turnover, but an 11% drop in deals. The Nigerian Stock Exchange now has a market value of NGN 28.8 trillion.

The Nigerian Bourse closed green at the close of market activities as bulls took control and raise the overall market by 58 basis points on Wednesday 24th May 2023.

The All-share Index (ASI) increased by 0.58% on the third trading day of the week, continuing its upward trend to close at 52,927.60 points, reflecting gains of 0.66% for the one week, 2.56% for the past four weeks, and 3.27% for the entire year.

A  total of 116 NGX listed stocks were traded in total, showing a significant market breadth, a measure of investor confidence, with overall gainers amounting to 36 and losers amounting to 17. Nestle Nigeria took the top spot among gainers, with a share price increase of 9.98%, closing at N1,148.00 per share. Tripple Gee & Co. was next, with a 9.88% increase. Additionally, UAC of Nigeria and University Press followed as both increased by 9.88% and 9.76%.

Chellarams finished last on the losing side with an end-of-day price fall of 9.82% at N1.47 per share, followed by McNichols with a decline of 9.59%, Wapic Insurance with a decline of 8.7%, and Academy Press with a decline of 7.14%. With 69.2 million shares traded, Access Holdings had the most volume, followed by United Bank for Africa (66.5 million), Zenith Bank (37.5 million), and Fidelity Bank (32.5 million).

Other remarkable indices that performed were the NGX Top 30 Index (+0.57% Day Change; +0.59% One Week; +3.74% Year To Date), NGX Top 50 Index (+0.41% Day Change; +2.72% One Week; +10% Year To Date), NGX Oil & Gas Index (+2.54% Date; +0.46% One Week; +20.33% Year To Date), NGX Consumer Goods Index (+2.07% Day Change; +2.7% One Week; +32.12% Year To Date), NGX Banking Index (+1.06% Day Change; +4.38% One Week; +16.44% Year To Date), and NGX Pension Index (+1.06% Day Change; +3.47% One Week; +16.43% Year To Date).

A total of 455,179,794 shares were traded in 6,635 transactions at the close of today’s trading session on the Nigerian Stock Exchange, for a market value of N7,833,754,972.93. Data indicates a 30% increase in volume, a 52% increase in turnover, and a 12% increase in deals over the previous NGX trading day. The Nigerian Stock Exchange now has a market value of NGN 28.8 trillion.