• Business - Market Data
  • Updated: January 18, 2023

Stock Market Closes Higher, Indices Up 0.67 Per Cent

Stock Market Closes Higher, Indices Up 0.67 Per Cent

The All-Share Index (ASI) increased 352.49 points or 0.67 percent on Tuesday to close at 52,701.31 from 52,348.82 on Monday, and the Nigerian Exchange Ltd. (NGX) saw a good performance.

The market capitalization increased by N192 billion or 0.67 percent to settle at N28.704 trillion, up from N28.512 trillion at the previous trade.

The YTD return increased to 2.83 percent as a result.

Gains in stock of the telecoms company Airtel Aftica had an impact on the upturn.

With 15 gainers and 13 losers, the market breadth—a key indicator of market sentiment—was favourable.

By gaining 10% to close at 3.30 per share, UPDC Real Estate Investment Trust topped the gainers' chart in percentage terms.

Chellerams increased by 9.92% to close at N1.33 a share, while MRS Oil increased by 9.93% to conclude at N15.50.

MCNichols increased by 7.02% to close at 61k per share, while Sunu Assurances increased by 8.82% to close at 37k.

On the other hand, UPDC, which closed at 94k per share, led the losers' list in percentage terms by 6.93%.

Linkage Assurance fell by 6.38 percent to settle at 44k per share, while Geregu Power followed with a 6.71 percent gain to close at N139.

While PZ fell by 5.21 percent to settle at N10 per share, Royal Exchange lost 5.26 percent to close at 90,000.

A total of 3,681 transactions totaling 228.49 million units worth N4.44 billion represented a 36.73 percent rise in trading turnover.

With 76.74 million shares changing hands for N118.91 million, transactions in Sterling Bank shares topped the list of activity.

Guaranty Trust Holding Company (GTCO) traded 16.76 million shares valued at N401.98 million, while Chams exchanged 17.57 million shares worth N5.18 million.

While Royal Exchange exchanged 10.65 million shares worth N9.34 million, Zenith Bank traded 11.32 million shares worth N276.03 million.

Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...


We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings