Thursday, March 23, 2023

NGX All-Share Index maintains bullish trend, up 0.72%

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The equities extended positive trend on the Nigerian Exchange Ltd.,(NGX) on Tuesday.

Market capitalisation gained ₦181.73 billion to close at ₦25.448 trillion, following sustained investors’ interests in MTNN shares.

The figure represents an increase of 0.72 per cent when compared with N25.266 trillion recorded on Monday.

Tier-1 banks such as Zenith Bank; Access Bank Holding Corporation, ACCESSCORP; Guaranty Trust Holding Company, GTCO and; United Bank for Africa, UBA, also remained the market movers, like the previous session.

The All-Share Index, ASI, rose by 0.72 per cent to close at 47,205.03 points from 46.867.95 points recorded the previous trading.

The News Agency of Nigeria reports that the ASI was the highest point since March 21.

Consequently, the Year-to-Date, YTD, return rose to 10.51 per cent.

Market breadth closed positive as 30 stocks were on the gainers’ chart while 17 others on the laggard’s table.

CAP Plc drove the gainers’ chart in percentage terms by 9.09 per cent to close at N19.80 per share.

Neimeth followed with a gain 8.97 per cent to close at N71.56 while Berger rose by 8.82 per cent to close at N6.80 per share.

Meyer also went up by 8.82 per cent to close at N1.36, while LearnAfrica appreciated by 8.7 per cent to close at N2.07 per share.

On the other hand, Academy Press led the losers’ chart in percentage terms by 10 per cent to close at N1.44 per share.

Caverton followed with 9.92 per cent to close at N1.18 per share.

Royal Exchange shed 9.62 per cent to close at 74k, while Linkage Assurance lost 7.55 per cent to close at 49k per share.

Prestige lost 6.98 per cent to close at 3k.

Also, the total volume traded increased by 9.25 per cent from 224.64 million units to 245.42 million units at N4.58 billion and exchanged in 5,832 deals.

Transactions in the shares of Guaranty Trust Holding Company (GTco) topped the activity chart with 39.09 million shares valued N908.92 million.

Zenith Bank followed with 27.21 million shares worth N674.27 million, while Nigerian Breweries traded 15.5 million shares valued N622.92 million.

Fidelity Bank traded 10.99 million shares valued N40.84 million, while Linkage Assurance transacted 10.83 million shares worth N5.42 million.


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