NGX: Investors Gain N87.76bn as NGXASI Inches up by 0.33%

Written by on September 26, 2022

The Nigerian Bourse (NGX) closed positive amidst buy-interests and sell-offs as activities of the bulls and bear drive up the broad market by 39 basis point. The All-share Index (ASI) depreciated by 0.39% to close at 49,218.35 points as against 0.33% loss recorded previously to close at 49,190.34 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N87.76bn gain.

YTD, the NGXASI Stands at +15.15% 

The total volume traded declined by -29.49% to close at 119.28m, valued at N854.76m and traded in 3,580 deals. COURTVILLE was the most traded stock by volume with 24.36m units traded while ZENITHBANK was the most traded stock by value which is put at N177.13m 

Sectoral performance was broadly positive as ten (10) NGX sector index closed northward, five (5) closed southward while three (3) closed flat. The NGX Industrial Index inched up by 1.89% to top the gainers chart while the NGX Insurance Index dipped by 2.61% to top the losers’ chart.

Gote index closed flat at 128.26 basis points while Toni index dipped by 0.55% to close at 106.43 basis points.

At the close of trading, market recorded 11 gainers to 17 losers and 72 unchanged. MULTIVERSE topped the list of gainers while ACADEMY topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.08x.

Volume and Value Contribution

COURTVILLE led the volume’s chart with 20.42% contribution and closely followed by FCMB and ZENITHBANK

COURTVILLE tops the value’s chart with 20.72% contribution and closely followed by MTNN and FCMB

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