Nigerian Exchange Limited
Bulls, Bears Battle Ends Near Stalemate as ASI Rose by 0.03%
The Nigerian bourse (NGX) closed in the green despite sell-offs and buy-interests as bulls took control of the market and raised the overall market by 29 basis points as of Monday, 15th May 2023.
The All-share Index (ASI) increased by 0.03% to close at 52,231.29 points, reflecting a 0.66% loss over the previous week and a 0.53% gain over the previous four weeks.
The Market Capitalization increased to N28.45 trillion at the close of the day, while the Year-to-Date (YtD) returns inched slightly higher to 1.91%. Additionally, market breadth ended the day in the positive, with OANDO leading 24 gainers and CWG topping 19 losers.
On a sectoral level, NGX Insurance, Oil & Gas, Banking, Consumer goods and Industrial indices recorded -1.41%, 0.00%, -0.02%, 0.03% and 0.02% respectively. Other performing indices include The NGX Top 30, NGX Top 50 Index, NGX Pension Index, NGX Premium Index.
Market Summary
NGX ASI: 52,231.29 points
% Day Change: 0.03%
% Y-t-D: 15.99%
Market Cap (N): 28.440 trillion
Volume: 626,389,579
Value (N): 5.599 billion
Deals: 6,033
Top gainers
OANDO closed at N6.10 (+ 9.91%)
NCR closed at N2.81 (+ 9.77%)
TRANSCORP closed at N2.84 (+ 9.65%)
IKEJAHOTEL closed at N1.71 (+ 9.62%)
JBERGER closed at N31.00 (+ 8.77%)
Top losers
CWG closed at N1.87 (– 9.66%)
NEM closed at N4.12 (– 9.45%)
ROYALEX closed at N0.50 (– 7.14%)
CUTIX closed at N2.32 (– 4.13%)
AIICO closed at N0.57 (– 3.39%)
Top Volume
TRANSCORP – 190,851,773
ACCESSCORP – 13,021,378
FBNH – 10,203,673
UBA – 39,103,968
ROYALEX – 27,929,568
Top Value
ACCESSCORP – 1,245,804,499.20
FBNH – 956,475,511.95
STANBIC – 646,810,196.90
TRANSCORP – 530,824,754.35
ZENITHBANK – 452,074,361.00