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  • Business - Market Data
  • Updated: June 27, 2023

Nigerian Stock Market Sees Positive Momentum, All-Share Index Up By 0.22 Per Cent

Nigerian Stock Market Sees Positive Momentum, All-Share Inde

To begin the new week, the Nigerian Exchange (NGX) finished positive at the end of today's trading session.

The All-Share Index (ASI) closed 0.22% higher at 59,338.76 index points, up from 59,206.63 index points in the previous trading session.

The market capitalisation of stocks increased by N71 billion to conclude at N32.308 trillion, 0.22% higher than the previous trading session's N32.237 trillion.

The market indexes indicate the following facts during today's trading session. The Nigerian Stock Exchange All-Share Index (NGX ASI) is now at 59,338.76. 

The percentage day change shows a 0.22% increase.

The market has increased by 15.78% so far this year.

N32.308 trillion is the market capitalization, which represents the entire value of listed stocks.

A total of 552.69 million shares were exchanged for a total of N13.05 billion. 

These trades were completed through 8,052 transactions.

These numbers provide an overview of the market's present position and provide investors with vital information into the performance of numerous assets.

Tantalizer (10.00%) led gainers, Unity Bank (-10.00%) led losers, and Access Holdings was the most traded share - by volume - at the end of today's session.

Today's trading volume was -11.97% lower than the previous day's session, with 552.69 million shares traded.

Tantalizer, Academy Press, and Ikeja Hotel were the top gainers on Monday's trading session, each recording a strong boost of +10.00%.

This strong performance propels them to the top of the gainer's ranking.

The leading losers, on the other side, were Unity Bank, Japaul Gold, and Veritas Kapital.

Unity Bank had a -10.00% loss, followed by Japaul Gold, which fell -9.23%, and Veritas Kapital, which fell -8.70%.

These data depict stock price movements and highlight the stocks that performed well and those that suffered big losses during today's trading session.

This information may be used by investors to analyse their investing strategy and make educated decisions based on market trends.

Today's trading session saw a decline in trading volume, with 552.69 million shares exchanged, compared to 627.87 million shares traded the previous day.

Access Holdings led the way in terms of trading volume, with 74.60 million shares traded.

Following closely after, BUA Cement and GTCO took second and third place in terms of volume traded, with 45.40 million and 44.83 million units exchanged, respectively.

BUA Cement emerged as the top stock in terms of transaction value, with a total value of N3.86 billion.

GTCO came in second with N1.45 billion, while Access Holdings rounded out the top three with N1.13 billion.

These numbers highlight the stocks that saw a lot of trading activity and give useful information about market trends and investor preferences.

Stocks valued more than a trillion dollars (shoot) showed mixed outcomes, with Zenith Bank (1.56%) and BUA Cement (2.5%) closing up.

MTN Nigeria (-2.07%) ended in the red, while BUA Foods, Dangote Cement, and Airtel Africa all ended in the black.

Tier 1 bank shares experienced mixed returns, with GTCO (3.97%), UBA (2.18%), Access Holdings (2.01%), and Zenith Bank (1.56%) all closing higher, while FBN Holdings (-2.31%) closing negative.

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