The Nigerian Bourse closed red amid activities of the market as bears took control and declined the overall market by 9 basis points on 18th May 2023.
The All-share Index (ASI) decreased by 0.9% to close at 52,109.43, representing a 1-week loss of 0.1%, a 4-week gain of 1.93%, and an overall year-to-date gain of 1.67%.
A total of 115 stocks listed on the NGX collectively traded during the day, with 22 gainers and 27 losers at the close. ABCTRANS, which saw its share price rise by 10% to close at N0.44 a share, was the biggest gainer while ACADEMY led on the losing side with a 10% price decline at N1.53 per share at the day’s end.
NGX Top 50 Index, NGX Top 30 Index, NGX Industrial Index, NGX Consumer Goods Index, NGX Premium Index and NGX Insurance Index saw remarkable performance.
The NGX closed the day’s trading session with a total of 334,237,506 shares exchanged in 5,350 deals, translating to a market value of N5,148,039,264.29. The numbers reveal an 51% decline in volume, a 35% decline in turnover, and a 20% decline in deals when compared to the previous NGX trading day.
Similarly, the current market capitalization of the Exchange stood at N 28.4 trillion from the N28.6 trillion in the previous day.
Top gainers
ABCTRANS closed at N0.44 (+ 10.00%)
MRS closed at N40.80 (+ 9.97%)
NPFMCRFBK closed at N1.75 (+ 9.37%)
COURTVILLE closed at N0.47 (+ 9.30%)
TRIPPLEG closed at N2.95 (+ 9.26%)
Top losers
ACADEMY closed at N1.53 (– 10.00%)
ARDOVA closed at N9.88 (– 6.74%
MCNICHOLS closed at N9.33(– 6.52%)
HONYFLOUR closed at N8.62 (– 5.23%)
REGALINS closed at N6.25 (– 4.76%)
Top Volume
ACCESSCORP – 64,689,023
GTCO – 51,123,475
ZENITHBANK – 29,058,428
TRANSCORP – 26,115,087
UBA – 18,601,196
Top Value
GTCO – 1,340,548,040.75
ZENITHBANK – 725,712,417.85
SEPLAT – 681,879,786.50
ACCESSCORP – 656,268,043.80
MTNN – 370,777,835.80
