Nigerian stock market dips 0.57%, as investors part with N117bn

By Philemon Adedeji

The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 2 basis points.

The NGX ASI closed at 45,939.51 points, to reflect a growth of 0.02% from the previous trading day and a Year-to-Date (YTD) return of 7.55%. Meanwhile, the market capitalization increased by N6.06 billion.

At the close of market on Tuesday, 25th January, 2022, the stock exchange market value currently stood at N24.766 trillion from N24.749 trillion in the previous trading day.

The market breadth closed positive as COURTVILLE led 20 gainers, and 15 Losers topped by CILEASING at the end of today’s session.

The stock market has advanced 3,223.07 base points since the start of the year.

NGX ASI Top gainers

COURTVILLE up +10.00% to close at N0.55

ETI up +9.94% to close at N9.95

ACADEMY up +9.72% to close at N0.79

CHAMPION up +8.05% to close at N2.55

REGALINS up +5.26% to close at N0.40

NGX ASI Top losers

CILEASING down – 10.00% to close at N3.78

PRESTIGE down – 9.80% to close at N0.46

CORNERST down – 3.77% to close at N0.51

MBENEFIT down – 3.70% to close at N0.26

UPDC down – 3.45% to close at N1.12

NGX ASI Top Traded by Volume

GTCO – 24,519,109 units

COURTVILLE – 21,425,555 units

TRANSCORP – 20,439,908 units

ZENITH – 17,318,113 units

CHAMS – 16,555,538 units

NGX ASI Top Traded by Value

SEPLAT – N963,417,647.00

GTCO – N625,346,343.70

ZENITHBANK – N440,520,098.70

MTNN – N439,675,780.70

NB – N293,012,436.25

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 20 gainers surpassed 15 losers.