Stock market closes positive as NGX records 1.51% growth
The Nigerian stock market concluded the week positively, with the All-Share Index increasing by 1.51% for the week that ended on December 9th, 2022. This follows the 1.26% rise observed the prior week.
This aligns with the information provided in the Nigerian Exchange Group’s weekly stock market analysis.
The benchmark index, ASI, improved by 1.51% from the 48,154.65 points it held at the end of the previous week, finishing the week at 48,881.93 index points. The market capitalization also went up, concluding the week at N26.625 trillion.
This results in the Nigerian stock market’s performance for the month so far at 2.56% and its year-to-date increase at 14.43%.
Performance of the Equity Market
The trading floor of the Exchange recorded 15,317 transactions last week involving a total of 1.225 billion shares valued at N15.243 billion. This exceeds the 16,183 transactions for 839.978 million shares appraised at N12.418 billion that took place the previous week.
Similar to the previous week, the Financial Services Industry spearheaded the activity chart in terms of trading volume, with 514.067 million shares worth N5.104 billion exchanged in 6,489 deals, accounting for 41.97% and 33.48%, respectively, of the overall equity turnover volume and value.
The Conglomerates Industry ranked third, achieving a turnover of 69.017 million shares valued at N86.431 million in 528 deals, while the Construction/Real Estate Industry secured second place with 463.348 million shares worth N1.620 billion across 210 deals.
The leading three stocks by volume, UPDC, FBNH, and TRANSCORP, experienced trading of 765.230 million shares worth N4.282 billion in 847 deals, contributing to 62.47% and 28.09%, respectively, of the total equity turnover volume and value.
In a similar manner, 8 indexes increased in value, while 9 indexes decreased, with the exception of the NGX ASeM Index and NGX Growth Index, which remained unchanged.
Top Gainers
BUACEMENT up + 19.09% to close at N91.70
ROYALEX up + 12.50% to finish at N0.81
ETI up + 11.44% to end at N11.20
GUINNESS up + 10.00% to finish at N69.30
PRESTIGE up + 9.52% to close at N0.46
Top Losers
SCOA down – 25.47% to settle at N0.79
NB down – 14.44% to finish at N38.50
UNITYBNK down – 14.04% to close at N0.49
CAPHOTEL down – 9.80% to conclude at N2.76
GEREGU down – 9.61% to end at N111.00
Summary
Thirty-one (31) equities gained value during the week, fewer than thirty-seven (37) equities from the prior week. Twenty-six (26) equities lost value, more than twenty-five (25) from the previous week, while one hundred (100) equities remained unchanged, which is an increase from the ninety-five (95) equities noted in the preceding week.
