Nigerian Stock Exchange records 1.51% growth

Joy Onuorah
Joy Onuorah
stock market

The Nigerian equity market ended the week on a high note, with the All-Share Index rising by 1.51% for the week ending December 9th, 2022. This comes on the heels of a 1.26% increase the previous week.

This is according to the information contained in the Nigerian Exchange Group’s weekly stock market report.

The benchmark index, ASI, rose 1.51% from 48,154.65 points at the end of last week to close the week at 48,881.93 index points, while market capitalization rose to N26.625 trillion.

This brings the Nigerian stock market’s month-to-date performance to 2.56%, with a year-to-date gain of 14.43%.

During the week, a total of 1.225 billion shares worth N15.243 billion were traded.

During the week, a total of 1.225 billion shares worth N15.243 billion were traded on The Exchange’s floor in 15,317 transactions. This is more than the 839.978 million units of shares worth N12.418 billion that changed hands in 16,183 transactions the previous week.

The Financial Services Industry led the activity chart in terms of volume of shares traded, with 514.067 million shares valued at N5.104 billion traded in 6,489 deals, contributing 41.97% and 33.48% to total equity turnover volume and value, respectively.

The Construction/Real Estate Industry came in second with 463.348 million shares valued at N1.620 billion in 210 transactions, while the Conglomerates Industry came in third with 69.017 million shares valued at N86.431 million in 528 transactions.

The top three equities by volume, UPDC, FBNH, and TRANSCORP, accounted for r 765.230 million shares worth N4.282 billion in 847 transactions, accounting for 62.47% and 28.09% of total equity turnover volume and value, respectively.

Similarly, nine indexes finished lower, while eight indexes advanced, with the exception of the NGX ASeM Index and the NGX Growth Index, which remained unchanged.

The gainers include: BUACEMENT up + 19.09% to close at N91.70, ROYALEX up + 12.50% to close at N0.81, ETI up + 11.44% to close at N11.20, GUINNESS up + 10.00% to close at N69.30, PRESTIGE up + 9.52% to close at N0.46 while the top losers; SCOA down – 25.47% to close at N0.79, NB down – 14.44% to close at N38.50, UNITYBNK down – 14.04% to close at N0.49, CAPHOTEL down – 9.80% to close at N2.76, and GEREGU down – 9.61% to close at N111.00.

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