Saturday, January 28, 2023
No Result
View All Result
SUBSCRIBE
eNaira Online News
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion
eNaira Online News
No Result
View All Result

Gains from Airtel pushes NGX ASI above 54,000 basis points

by e-Naira Online News
May 27, 2022
in Capital Market
Reading Time: 2 mins read
A A
0
Home Capital Market
Share on FacebookShare on Twitter


The Nigerian exchange closed positive, posting its third consecutive day of gains, trading at an All-Share Index above 54,000 basis point, a price point not traded since July 2008. This comes on the back of strong earnings report from companies in the first quarter of the year.

The All-share Index (ASI) appreciated by 1.76% from 53,151.32 basis points to close at 54,085.30 basis point.

In the same vein, the Market Capitalization also grew by 1.76% to close at N29.16 trillion, adding over 500 billion worth of capitalization into the market in one day. Year-to-Date (YtD), the NGX is still one of the top-performing markets in the world as it has gained 26.61% so far.

Market breadth closed flat as CUTIX led 19 gainers, and 19 Losers topped by NB at the end of today’s session. On a sectoral level, 4 of the 5 major indices of the Nigerian Exchange closed positive.

NGX Banking, Industrial, Oil and Gas and Insurance Indices gained 0.48%, 0.01%, 0.24% and 0.32% respectively. The NGX Consumer Goods on the other hand closed negative by 2.41%.

NGX Top ASI gainers

  • CUTIX up +9.96% to close at N2.87
  • AIRTELAFRI up +9.89% to close at N1,767
  • WEMABANK up +8.63% to close at N3.65
  • ARDOVA up +7.09% to close at N15.10
  • FBNH up +6.98% to close at N11.50

NGX Top ASI losers

  • NB down – 10.00% to close at N69.30
  • UACN down – 9.87% to close at N10.50
  • UPL down – 9.52% to close at N2.85
  • ROYALEX down – 9.26% to close at N0.98
  • LINKASSURE down – 6.67% to close at N0.56

Top 3 by Volume

  • FLOURMILL – 21,482,214
  • GTCO – 20,141,539
  • FBNH – 17,962,152

Top 3 by Value

  • AIRTEL – N2,342,737,852.80
  • FLOURMILL – N746,773,047.05
  • GTCO – N464,521,289.80

These gains seen in the last three trading session shows clear defiance of many analysts’ expectation of profit-taking as a result of worrying macro-economic conditions and an interest rate hike from the CBN.

Related



Source link

Tags: AirtelASIbasisGainsNGXpointsPushes
Previous Post

Court rules Nigerian govt cannot implement controversial NBC code

Next Post

What to Do If Your Car Insurance Claim Is Denied

Related Posts

Capital Market

Bourse sustains negative trend with market capitalisation down N52m – Businessamlive

by e-Naira Online News
January 27, 2023
Capital Market

Geregu Power Plc gains 10% in market value on buy pressure

by e-Naira Online News
January 27, 2023
Capital Market

Geregu, other stocks cause market to close in green

by e-Naira Online News
January 26, 2023
Capital Market

Peaceful polls key to restoring investors’ confidence, say experts — Business — The Guardian Nigeria News – Nigeria and World News

by e-Naira Online News
January 26, 2023
Capital Market

Nigerian stock market closes negative with market capitalization down N32 billion

by e-Naira Online News
January 25, 2023
Next Post

What to Do If Your Car Insurance Claim Is Denied

FG to introduce e-procurement system to ease contract documentation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Access Holdings, International Breweries, others lose N51.7bn to investors’ apathy

January 27, 2023

FTX Lawyers Attempt to Question Bankman-Fried’s Family and Inner Circle for Financial Insight – Bitcoin News

January 27, 2023

Bourse sustains negative trend with market capitalisation down N52m – Businessamlive

January 27, 2023

Real Estate Financing Firm Lists N20bn Sukuk On Stock Exchange

January 27, 2023

Rivers kidnapper bags death sentence for murder

January 27, 2023

Financial steps you must take before you relocate abroad

January 27, 2023

The good, the bad, the ugly sides of Oyebanji’s 100 days in office

January 27, 2023

Lagos now closer to its smart city dream with 5G technology —Sanwo-olu

January 27, 2023

Get the free newsletter

eNaira Online News

Get the latest news and follow the coverage of eNaira, Business & Financial, Stock Market, Analysis, and more from the trusted sources.

CATEGORIES

  • Banking
  • Business
  • Capital Market
  • Companies
  • Crypto
  • eNaira
  • Finance
  • Opinion
  • Personal Finance
  • Real estate
  • Uncategorized
No Result
View All Result

GET THE FREE NEWSLETTER

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • eNaira
  • Capital Market
  • Business
  • Finance
  • Banking
  • PF
  • Companies
  • Crypto
  • Real Estates
  • Opinion

Copyright © 2022 e-Naira Online News.
e-Naira Online News is not responsible for the content of external sites.