NGX: Investors Gain N3.22bn as NGXASI Inches up Marginally by 0.01%

Written by on September 20, 2022

Nigerian Equities Market halted negative trend to close positive as the key market indicator moved up marginally by 5.10bps amid negative market breadth.

Thus, the NGX All-Share Index inched up by 0.01% to close at 49,445.31 basis points as against 0.07% loss recorded previously to close at 49,440.21 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N3.22bn gain.

YTD, the NGXASI Stands at +15.75% 

The total volume traded advanced by +119.07% to close at 147.59m, valued at N2.39bn and traded in 3,323 deals. GTCO was the most traded stock by volume with 35.82m units traded while MTNN was also the most traded stock by value which is put at N860.43m. 

Meanwhile, Sectoral performance was broadly positive as nine (9) NGX sector index closed northward, six (6) closed southward while three (3) closed flat. The NGX MERIGRW Index inched up by 0.92% to top the gainers chart while the NGX Oil and Gas Index dipped by 2.30% to top the losers’ chart.

Gote index closed flat at 128.26 basis points while Toni index declined by -0.47% to close at 107.15 basis points.

At the close of trading, market recorded 11 gainers to 12 losers and 67 unchanged. RTBRISCOE topped the list of gainers while TOTAL topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.01x.

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