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Nigerian stock market closes negative as investors lose N36 billion 

by e-Naira Online News
March 14, 2023
in Capital Market
Reading Time: 12 mins read
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Nigerian stock market closes negative as investors lose N36 billion  – Nairametrics





















































































































The stock market closes negative as investors lose N36 billion 

The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs as bears dominated proceedings, driving down the broad market.  

The All-share Index (ASI) depreciated by 0.12% to close at 55,722.9 points. In the same vein, Market Capitalization declined by N36 billion to close at N30.355 trillion while the Year-to-Date (YtD) returns settled at 7.99%. The stock market has advanced by 4,127.24 basis points since the start of the year.  

Market breadth closed negative as ENAMELWA led 9 gainers, and 17 losers topped by CHAMS at the end of today’s session.   

Market Indices  

  • NGX ASI: 55,722.9 points  
  • Previous ASI: 55,788.37 points  
  • Percentage Day Change: 0.12%  
  • Y-T-D: 7.99% 
  • Market Cap: N30.355 trillion 
  • Volume: 199.2 million  
  • Value: N2.81 billion  
  • Deals: 3,898 

 NGX Top ASI gainers  

  • ENAMELWA up + 9.57% to close at N17.75 
  • FTNCOCOA up + 7.69% to close at N0.28 
  • STERLNBANK up + 3.42% to close at N1.51 
  • UACN up + 3.26% to close at N9.50 
  • NGXGROUP up + 2.69% to close at N26.70 

NGX Top ASI losers 

  • CHAMS down – 8.00% to close at N0.23 
  • PRESTIGE down – 7.32% to close at N0.38 
  • LINKASSURE down – 6.82% to close at N0.41 
  • UPDC down – 6.80% to close at N0.96 
  • WEMABANK down – 6.05% to close at N4.04 

Top 3 by Volume  

  • STERLNBANK –31,092,585 
  • NEIMETH –20,177,846 
  • ZENITHBANK  –16,510,724 

Top 3 by Value  

  • AIRTELAFRI – N677,996,373 
  • ZENITHBANK -N412,519,094 
  • MTNN– N283,540,775 

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