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.