The Nigerian Bourse closed green at the close of market activities as bulls took control and raise the overall market by 35 basis points on 22nd May 2023.
The All-share Index (ASI) rose by 0.35% on the first trading day of the week to close at 52,369.13 points, representing gains of 0.26% over the previous week, 2.27% over the previous four weeks, and 2.18% from year to date.
A total of 116 NGX listed securities engaged in trading overall, with 31 gainers and 15 losers at the close. IkejaHotel was the biggest gainer, with a 9.85% increase in share price finishing at N2.23 a share. Academy was next with a 9.80% increase at N1.68, Prestige had a 9.76% increase at N0.45, NPFMCRFBK had a 9.71% increase at N1.92, and CILEASING had a 9.69% increase at N3.51.
With an end-of-day price decline of 9.71% at N2.79 a share, NCR Nigeria finished last among the losers, followed by SOVRENINS with an 8.89% decline at N0.41, Neimeth with a 7.33% decline at N1.39, and Ardova with a 6.93% decline at N18.75. Zenith Bank had the most shares traded (53.4 million), followed by Access Holdings (48 million), United Bank for Africa (31.1 million), and AXA Mansard Insurance (23.6 million).
The NGX Top 50 Index increased by 0.56% (+2.97% in one week; +8.1% YTD) while the NGX Top 30 Index, the NGX Insurance Index, the NGX Banking Index, the NGX Pension Index, and the NGX Premium Index, all increased by 0.35% (+0.07% in one week; +2.43% YTD), 1.34% (+8.14% in one week; +17.62% YTD) , 0.89% (+3.82% in one week; +13.46% YTD), 0.68% (+3.01% in one week; +13.47% YTD), and 0.48% (+1.18% in one week; +13.37% YTD), respectively.
A total of 315,690,226 shares were exchanged in 5,846 deals by the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), for a market value of NGN 4,033,161,312.05.
Data reveals a 46% reduction in volume, a 39% decline in turnover, but an improvement in deals of 10% from the previous NGX trading day. The Nigerian Stock Exchange now has a market value of NGN 28.5 trillion.
