Stock market continues positive streak as capitalization grows by N248 bn

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 101 basis points. The NGX ASI closed at 45,890.52 points, to reflect a growth of 1.01% from the previous trading day and a Year-to-Date (YTD) return of 7.43%.

Meanwhile, the market capitalization increased by N248.04 billion. At the close of market on Thursday 20th January 2022, the stock exchange market value currently stands at N24.72 trillion from N24.48 trillion in the previous trading day.

The market breadth closed positive as NNFM led 27 gainers, and 9 losers topped by DANGSUGAR at the end of today’s session. The stock market has advanced 3,174.08 base points since the start of the year.

NGX ASI Top gainers

NNFM up +9.92% to close at N7.20

LEARNAFRI up +9.32% to close at N1.29

CADBURY up +7.95% to close at N9.50

LINKASS up +7.55% to close at N0.57

JAIZBANK up +6.35% to close at N0.67

NGX ASI Top losers

DANGSUGAR down – 2.74% to close at N17.75

STANBIC down – 2.70% to close at N36.00

ARDOVA down – 2.60% to close at N13.10

FCMB down – 1.67% to close at N2.95

HONYFLOUR down – 1.49% to close at N3.30

NGX ASI Top Traded by Volume

DANGCEM – 102,917,075 units

FBNH – 54,041,026 units

TRANSCORP – 34,103,184 units

SOVRENINS – 20,985,290 units

FIDELITY – 11,574,095 units

NGX ASI Top Traded by Value

DANGCEM – N28,779,893,991.30

FBNH – N647,958,220.70

SEPLAT – N405,990,479.50

ZENITHBANK – N245,395,837.05

GTCO – N170,224,867.05

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 27 gainers surpassed 9 losers.