NGX declares increase in Market caplitalisation to N53.88bn

By Philemon Adedeji

The Nigeria Exchange Limited (NGX) closed on a positive note amidst sell-offs and buy-interests as the benchmark All Share lndex (ASI) appreciated by 21 basis points.

The NGX ASI closed at 47157.23 points to reflect a growth of 0.21% from the previous trading day and a year -to-Date (YTD) return of 10.40%.Meanwhile, the market capitalisation increased by N53.88  billion.

At the close of market on Wednesday 9th of February 2022, the stock exchange market value currently stands at N25.38 trillion from N25.44 trillion in the previous trading day.

The market breadth closed positive as RTBRISCOE led 27 gainers and 14 loser’s, JULI led as the topped loser at the close of today’s market activities.

The stock market has advanced 4350.80 base from the beginning of this year.

NGX ASI Top gainers

RTBRISCOE up at +10.00% to close at N0.33

SCOA up at +9.49% to close at N1.50

SUNUASSUR up at +8.33% to close at N0.39

NEM up at +7.25% to close at N3.55

UBN up at +6.84% to close at N6.25

NGX ASI Top losers

JULI down at -9.89% to close at N0.80

MULTIVERSE down at -4.76% to close at N0.20

SOVRENINS down at -4.17% to close at N0.23

AIICO down at -2.74% to close at N0.71

UPDCREIT down at -2.74% to close at N3.55

NGX ASI Top traded by value

ACCESS_498702665.60

SOVRENINS _8621182.68

NGXGROUP _567093211.95

FIDELITY _6052729.27

TRANSCORP _21411843.78

NGX ASI Top traced by volume

ACCESS_48079317.00 units

SOVRENINS_37477782.00 units

NGXGROUP _22694739.00 units

FIDELITY_21020714.00 units

TRANSCORP_18365854.00 units

The market sentiments trend towards the bulls with the market differential being in favour of the advancers as 27 gainers surpassed 14 losers.