NGX closes on a positive note, with a market capitalization of N12.72 billion

NGX closes on a positive note, with a market capitalization of N12.72 billion

The NGX finished flat, despite sell-offs and buy-interests, as the benchmark All-Share Index (ASI) rose 5 basis points.

The Nigerian stock market ended the day on a positive note, as buying demand in MTN Nigeria (+0.2%) lifted the All-Share Index (ASI) higher by 0.1 percent reversing a two-day losing streak.

The NGX ASI finished the day at 47,364.46 points, up from the previous trading day and a 10.88 percent year-to-date return. In the meantime, the market cap climbed by N12.72 billion.

The stock exchange market value currently stands at N25.53 trillion at the end of the business day on Wednesday, March 16th, 2022.

At the end of today's session, the market breadth was positive, with NPFMCRFBNK leading 18 gainers and 17 losers, topped by ROYALEX.

Since the start of the year, the stock market has risen 4,648.02 points.

NGX Top ASI gainers

NPFMCRFBNK up +10.00% to close at N2.31

PZ up +9.79% to close at N7.85

AIICO up +6.15% to close at N0.69

UNITY up +4.17% to close at N0.50

NGXGROUP up +4.02% to close at N23.30

NGX Top ASI losers

ROYALEX down – 9.73% to close at N1.02

LIVESTOCK down – 9.71% to close at N1.58

IMG down – 9.47% to close at N8.60

CHAMS down – 8.70% to close at N0.21

REDSTAREX down – 4.69% to close at N3.05

NGX ASI Top Traded by Volume

UBA – 14,758,541

ACCESS – 10,282,544

ZENITH – 10,031,080

NGX ASI Top Traded by Value

MTNN – N458,934,331.00

ZENITH – N266,096,310.45

GTCO – N239,227,516.55

The market is leaning towards the bulls, with 18 gainers outnumbering 17 losers, resulting in a market disparity in favor of the advancers.