• Business - Market Data
  • Updated: July 03, 2023

NGX Closes First July Trading Session Positively With Bullish Sentiments

NGX Closes First July Trading Session Positively With Bullis

The Nigerian Exchange (NGX) closed positive at the end of today’s trading session as Investors begin July with bullish sentiments. 

The All-Share Index (ASI) traded 1.61% higher to close at 61,949.24 index points as against 60,968.27 index points recorded in the previous day’s trading session. 

The market capitalisation of equities saw a gain of N534 billion to close at N33.731 trillion, 1.43% higher than the N33.198 trillion recorded in the previous trading session. 

The market performance indicators for today's trading session include the NGX ASI, which stands at 61,949.24 points, with a day change of +1.61% and a year-to-date change of +20.87%.

The market cap is valued at N33.732 trillion, with a volume traded of 1.20 billion and a total value of N14.04 billion.

Additionally, there were 12,128 deals made during the session.

The market breadth concluded on a positive note as JAPAULGOLD emerged as the top gainer with a gain of 10.00%, while TRIPPLEG led the losers with a decrease of 9.87%.

FCMB, on the other hand, was the most actively traded stock in terms of volume during today's session.

The trading volume witnessed a 20.23% increase compared to the previous day, reaching a total of 1.20 billion shares traded.

Regarding the top gainers, JAPAULGOLD, ETERNA, and MEYER all recorded gains of 10.00% each.

Conversely, TRIPPLEG, CORNEST, and NSLTECH topped the losers' list, experiencing losses of 9.87%, 9.09%, and 9.09% respectively.

In terms of the most traded stocks, today's session saw a higher volume of trading activity, with 1.20 billion shares traded, compared to 998.08 million shares traded in the previous session.

FCMB took the lead with a trading volume of 173.81 million units, followed by UBA with 160.67 million units and ACCESS HOLDINGS with 132.52 million units.

When considering the value of the trades, ACCESS HOLDINGS claimed the top spot with N2.38 billion, followed by UBA with N2.12 billion, and FCMB with N930.70 million, rounding up the top three in terms of value traded.

Stocks valued at over one trillion experienced varied outcomes with ZENITH BANK (2.92%), MTN NIGERIA (1.68%), and GTCO (4.29%) ending the day with gains.

However, the remaining DANGOTE CEMENT, AIRTEL AFRICA, BUA CEMENT, and BUA FOODS maintained a steady position, closing flat.

Tier 1 bank shares demonstrated positive trading sessions as GTCO (4.29%), UBA (9.8%), ACCESS HOLDINGS (9.94%), and ZENITH BANK (2.92%), FBN HOLDINGS (7.62%) all closed on an upward note.

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