The All-Share Index declined by 0.48% in the week ending May 12, 2023, and this caused the Nigerian stock market to end the week in the red. This is in accordance with the data shown in the Nigerian Exchange Group’s weekly stock market report.
The benchmark index, ASI, lost ground from the 52,465.31 points it had at the conclusion of the previous week to 52,214.62 points, while the market capitalisation ended the week at N28.431 trillion.
This makes the Nigerian stock market’s month-to-date performance minus 0.36% and its year-to-date gain 1.88%.
Over the course of the week, 27,801 deals involving 3.602 billion shares worth N36.451 billion were made on The Exchange’s trading floor. This is more than the 23,765 transactions for 2.973 billion shares valued at N22.828 billion that took place the week prior.
With 3,150 billion shares worth N27.484 billion moved in 14,987 deals, the Financial Services Industry topped the activity chart in terms of number of shares traded. This industry’s share volume and value contributions to total equity turnover were 87.47% and 75.40%, respectively.
The Consumer Goods industry came in third with a turnover of 87.434 million shares worth N1.628 billion in 3,768 deals, followed by the Conglomerates industry with 99.394 million worth N219.455 million in 901 deals.
A total of 2.167 billion shares worth N18.650 billion were traded in 5,083 transactions in the top three stocks by volume, Fidelity Bank Plc, Access Holdings Plc, and FBN Holdings Plc, making up 60.17% and 51.16%, respectively, of the total volume and value of equity turnover.
The price increases for the week were lower for forty-eight (48) stocks than for fifty-one (51) stocks the week before. Seventy-eight (78) stocks stayed stable, down from seventy-nine (79) the week before, while thirty (30) stocks saw a price decline greater than twenty-six (26) the week before.
TOP 10 GAINERS
CWG closed at N2.07 (+56.82%)
ARDOVA closed at N26.40 (+ 37.50%)
TRANSCORP closed at N2.59 (+33.51%)
MULTIVERSE closed at N4.12 (+ 32.90%)
SOVRENINS closed at N0.42 (+ 27.27%)
NCR closed at N2.56 (+ 20.75%)
MRS closed at N33.75 (+ 20.75%)
REDSTAREX closed at N2.90 (+ 20.33%)
ABC closed at N0.40 (+ 17.65%)
MCNICHOLS closed at N0.75 (+ 15.38%)
TOP 10 LOSERS
CILEASING closed at N3.20 (– 19.60%)
ACCESSCORP closed at N9.90 (– 12.00%)
ROYALEX closed at N0.54 (–11.48%)
SUNUASSUR closed at N0.49 (–9.26%)
BUACEMENT closed at N90.00 (–8.02%)
UNITYBNK closed at N0.50 (–7.41%)
COURTEVILLE closed at N0.43 (–6.52%)
NPF closed at N1.61 (–5.29%)
WEMABANK closed at N4.20 (–5.19%)
PRESTIGE closed at N0.37 (–5.13%)