BUSINESS

NGX Closes Week On Positive Note As ASI Increases By 0.22%

 

The NGX closed the week positive note as the All-Share Index increased by 0.22% to close at 70,196.73 points.  

Equities gained N75 billion as the market capitalization closed at N38.556 trillion, marking the second-highest figure this week.

This week ranks as one of the most positive trading weeks in the Nigerian Exchange (NGX) in 2023 as the market recorded a week-on-week appreciation of 4.9%.  

The market witnessed 6,436 deals, down from yesterday’s 8,396 deals. There was a decline in trading volume as 410.362 million shares were traded today as against 525.457 million yesterday.

However, there was an increase in trading value as N9.16 billion was traded as against thursday’s N6.09 billion.  

In terms of volume, FIDELITYBK (+0.60%) led with 61.1 million units, followed by JAPAULGOLD (-2.31%) with 47.7 million units, UBA (-2.39%) with 30.9 million units, GTCO (+0.43%) with 29.9 million units, and AIICO (+7.14%) with 25.3 million units.  

In terms of trading value, AIRTELAFRI (+5.66%) led with N2.22 billion, MTNN (-2.50%) followed with N2.06 billion, GTCO (+0.43%) with N1.05 billion, UBA (-2.39%) with N636.5 million, FIDELITYBK (+0.60%) with N514.2 million.  

The stocks worth over one trillion experienced mixed sentiments in the market.

BUACEMENT (-4.29%), MTNN (-2.50%) recorded price declines, while AIRTELAFRI (+5.66%), GTCO (+0.43%) recorded price appreciations.

SEPLAT, ZENITHBANK, and BUAFOOD recorded zero price changes at the end of today’s trading session.   

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