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Nigerian stock market closes negative as investors lose N52 billion 

by e-Naira Online News
January 27, 2023
in Capital Market
Reading Time: 2 mins read
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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 0.18% to close at 52,657.88 points.    

In the same vein, Market Capitalization declined by N52 billion to close at N28.681 trillion while the Year-to-Date (YTD) returns settled at 2.05%. The stock market has advanced by 1,062.22 basis points since the start of the year.    

Market breadth closed positive as CAP led 24 gainers, and 7 losers topped by CUTIX at the end of today’s session. 

 Market Indices  

  • NGX ASI: 52,657.88 points 
  • Previous ASI: 52,752.96 points 
  • Percentage Day Change: 0.18% 
  • Y-T-D: 2.05% 
  • Market Cap: N28,681 trillion 
  • Volume: 171.1 million 
  • Value: N2.34 billion            
  • Deals: 3,599 

NGX Top ASI gainers 

  • CAP up + 9.83% to close at N19.55 
  • NNFM up + 9.76% to close at N6.75 
  • JAPAULGOLD up + 9.68% to close at N0.34 
  • TRIPPLEG up + 9.38% to close at N1.05 
  • CORNERST up + 9.26% to close at N0.59 

NGX Top ASI losers 

  • CUTIX down – 8.11% to close at N2.04 
  • INTBREW down –6.12% to close at N4.60 
  • GLAXOSMITH down – 4.41% to close at N6.50 
  • ACCESSCORP down – 4.26% to close at N9.00 
  • GUINNESS down – 3.71% to close at N70.00 

Top 3 by Volume 

  • FIDELITYBK – 26,644,503 
  • CHAMS –17,789,792 
  • FBNH – 15,136,342 

Top 3 by Value  

  • MTNN – N407,497,606 
  • GEREGU – N311,009,754 
  • NGXGROUP – N222,565,655 

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Tags: billionclosesInvestorsloseMarketN52NegativeNigerianStock
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