Nigeria Stock Market Trading Activities on January 3, 2023: Markets starts with N187.90 billion gain

Nigerian stocks began the year on a positive note as the NGX All Share Index (ASI) increased by 1.89% to close at 51,595.66 points, the highest level since 22 July 2022. As a result, the market capitalization increased by N187.90 billion to close at N28.10 trillion, and the year-to-date (YTD) return was 0.67%.

A review of today’s market activity revealed that trade turnover was lower than it had been during the previous session, with a 40.86% decrease in transaction value. 4,122 transactions involving 321.67 million shares worth 4.35 billion pounds were completed. FBNH (+3.21%), which traded 207.62 million units for deals totaling $2.47 billion, topped both the volume and value charts. Gains in index heavyweight BUAFOODS (+10.00%) and Tier-1 banking names GTCO (+1.09%), FBNH (+3.21%), and ACCESSCORP (+3.53%) were the main contributors to the positive performance.

Positive market breadth was recorded at a ratio of 2.38 to 1, with more rising issues than declining ones. On the gainer’s log, BUAFOODS (+10.00%) was in first place among 18 other companies, while FCMB (-8.83%) was in first place among 7 other companies.

NGX Market Indices  

• • NGX ASI: 51,595.66 points
• • Previous ASI: 51,251.06 points
• • Percentage Day Change: 0.67%

NGX Market Capitalization: N 28.102trillion

• • Volume: 321.6million
• • Value: N4.3 billion
• • Deals: 4,122

NGX Top ASI gainers    

• • BUAFOODS up + 10.00% to close at N71.50
• • JOHNHOLT up + 9.59% to close at N0.80
• • PRESTIGE up + 9.52% to close at N0.46
• • NAHCO up + 9.37% to close at N7.00
• • UBA up + 9.21% to close at N8.30

  NGX Top ASI losers   

• • CHELLARAM down – 9.82% to close at N2.02
• • CWG down – 8.91% to close at N0.92
• • FCMB down – 8.83% to close at N3.51
• • HONYFLOUR down – 5.98% to close at N2.20
• • JAPAULGOLD down – 3.57% to close at N0.27

NGX Top 3 by Volume 

• • FBNH – 15,115,907
• • GTCO – 13,756,006
• • AIICO – 12,241,166

  NGX Top 3 by Value   

• • NESTLE – N515,997,038
• • GTCO – N318,207,155
• • DANGCEM – N198,263,982