Investors gain N262 billion as NGX closes on bullish note



The Nigerian Exchange Limited (NGX) concluded with a gain of N262 billion as the bulls reclaimed command and propelled the overall market upward by 481.51 basis points.

At its closing figure of 44,492.73 points, the All Share Index (ASI) had improved by 1.09%. The market capitalization similarly rose by N262 billion.

The BGX market valuation was N24.2 trillion as of Friday, November 18, 2022, when trading wrapped up.

By the end of today’s trading, FIDSON topped 11 decliners while NB led 20 risers in the market’s favorable closing spectrum.

The stock market has improved by 1,776.29 basis points, which translates to 4.15%, since the year’s onset.

Market Indices

  • NGX ASI: 44,492.73 points
  • Prior ASI: 44,011.22 points
  • % Daily Change: 1.09%
  • % Year-to-Date: 4.15%

Market Cap (N): 24.233 trillion

  • Volume: 146.6 million
  • Value (N): 1.23 billion
  • Transactions: 3,028

NGX Top ASI gainers

  • NB up +10.00% to finish at N41.25
  • UBN up +9.24% to end at N6.50
  • ABCTRANS up +8.70% to conclude at N0.25
  • MANSARD up +7.27% to settle at N1.77
  • UCAP up +6.64% to conclude at N12.05

NGX Top ASI losers

  • FIDSON down – 9.34% to finish at N8.15
  • WAPIC down – 8.33% to close at N0.33
  • REGALINS down – 8.00% to conclude at N0.23
  • SOVRENINS down – 7.69% to settle at N0.24
  • MBENEFIT down – 3.57% to finish at N0.27

Top 3 by Volume

  • TRANSCORP – 24,360,687
  • FBNH – 21,761,678
  • COURTVILLE – 16,971,925

Top 3 by Value

  • FBNH – N 237,352,064
  • MTNN – N 232,096,243
  • ZENITHBANK – N 104,235,521