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  • Business - Market Data
  • Updated: January 19, 2022

Investors Gain N138.054 Billion As NGX ASI Records A +0.57% Growth

GTCO (+1.39%) and ETI (+3.45%) stopped the downward trend seen in the domestic bourse by investors over the last three trading sessions.

Accordingly, the all-share index recovered with a +0.57% growth, to settle at 44,655.89 bps as against its Monday trading position of 44,399.66 bps.

Consequently, the all-share index figure of 44,655.89 basis points declined by 47.09 bps from the 52-week highest resistance point of 44,608.80 bps.

Following the above scenario, the Year-to-Date (Y-t-D) gain stayed moderated at +4.54%.

Despite the +0.57% growth in the ASI, only the volume of trade was positively impacted as it grew by +9.6%, to 235.2 million units, as against its previous session figure of 214.32 million units traded. These shares’ values, which decreased by 29.6%, were worth NGN1.9 billion and exchanged in 4,010 deals as against NGN2.7 billion traded previously.

Fortunately, the equity market cap gained NGN138.054 billion to close at NGN24,059.76 trillion when compared to the previous session day's position of NGN23,921.71 trillion.

With 18.7 million units worth NGN476.5 million traded, GTCO (+1.39%) was the most valuable company, while TRANSCORP (-1.85%) dominated the volume trade with 38.1 million units worth NGN40.1 million traded.

As measured by market breadth, market sentiment was positive as 25 companies’ stocks gained relative to 14 losers.

The most gains were made by SKYAVN (+10.00%), which closed trading at NGN5.83/unit, COURTVILLE (+8.57%), which closed trading at NGN0.38/unit, FTNCOCOA (+8.33%), which closed trading at NGN0.39/unit, and DANGSUGAR (+7.35%), which closed trading at NGN18.25/unit, while NEM (-8.33%), which closed trading at NGN3.63/unit, SUNUASSUR (-5.88%), which closed trading at NGN0.32/unit, REGALINS (-4.26%), which closed trading at NGN0.45/unit, and SOVRENINS (-4.00%), which closed trading at NGN0.24/unit, suffered the most losses.

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Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

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