Stock market closes positively With a market capitalization of N184 billion

• Stock market closes positively With a market capitalization of N184 billion
• Weekly Stock Market Report: The Nigerian Stock Exchange rises by 6.88%

As bulls regained control of the local stock exchange, the Nigerian Exchange Limited (NGX) ended today’s trading session with a market capitalization increase of N184 billion.

The All Share Index (ASI), which closed at 47,322.97 points, increased by 0.23%. The market capitalization increased by N184 billion in a similar vein.

The value of the stock market was N25.9 trillion as of Wednesday’s market close. The stock market has increased by 4943.6 basis points, or 11.57%, since the year’s beginning.

At the finish of today’s session, ROYALEX led 9 losers, while WEMABANK led 21 gainers, with the market breadth closing in the positive.

Market Indices

NGX ASI: 47,660.04 points
Previous ASI: 47,322.97 points
Percentage Day Change: 0.71%
% Y-t-D: 11.57%
Market Cap: N 25,959 trillion
Volume: 107.01 million
Value: N1.31 billion
Deals: 3,227

NGX Top ASI gainers

WEMABANK up +10.00% to close at N3.30
UACN up +9.95% to close at N10.50
ACADEMY up + 9.45% to close at N1.39
UCAP up +8.10% to close at N13.35
ABCTRANS up +8.00% to close at N0.27

NGX Top ASI losers

ROYALEX down – 10.00% to close at N0.63
REDSTAR down – 9.25% to close at N2.06
PRESTIGE down – 8.51% to close at N0.43
NB down – 7.08% to close at N42.00
RTBRISCOE down – 6.90% to close at N0.27

Top 3 by Volume

FBNH – 12,528,964
FIDELITYBK – 10,252,686
ZENITHBANK – 8,039,764
Top 3 by Value
ZENITHBANK – N174,545,051
STANBIC – N154,529,890
FBNH – N139,636,860

Weekly Stock Market Report: The Nigerian Stock Exchange rises by 6.88%

The All-Share Index increased by 6.88% as of Friday, November 25, 2022, causing the Nigerian stock market to end the week in a positive position.

According to the Nigerian Exchange Group’s weekly stock market report, which RNN has access to. The growth this week follows the 1.22% growth seen the week before.

The main ASI index rose 6.88% from 44,492 points last week to 47,554.34 points this week’s end. The market capitalization, meanwhile, followed suit and ended the day at N25.902 trillion.

The Nigerian stock market has experienced positive month-to-date performance of 8.47%, and positive year-to-date performance of 11.33%.

Performance of the stock market

Over the course of the week, 16,662 deals totaling 711.618 million shares worth N15.338 billion were completed. This is more than the 694.376 million shares worth N8.667 billion that were traded in 15,418 deals over the previous week.

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