Nigeria’s stock exchange market closed on a bullish trend at the close of the last week of January 2023, as the All-Share index appreciated by 0.12 percent at 52,657.88 and the market capitalization increased to N28.681 trillion.
This is according to the information contained in the weekly stock market report released by the Nigerian Exchange Group.
The benchmark index, ASI, appreciated by 0.16% from 52,594.68 points recorded at the end of last week to close the week at 52,657.88 index points, while the market capitalization followed suit to close at N28.681 trillion.
Equity market performance
A total turnover of 756.769 million shares worth N13.653 billion in 18,248 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.241 billion shares valued at N15.668 billion that exchanged hands last week in 18,560 deals. The Financial Services Industry (measured by volume) led the activity chart, with 454.718 million shares valued at N4.813 billion traded in 8,214 deals, thus contributing 60.09% and 35.26% to the total equity turnover volume and value, respectively. The ICT industry followed with 61.735 million shares worth N1.647 billion in 1,600 deals. The conglomerate’s industry came in third place, with a total turnover of 56.842 million shares valued at N119.141 million in 622 transactions.
The top three stocks, FBN Holdings Plc, Guaranty Trust Holding Company Plc, and Fidelity Bank Plc, saw the most volume trading, amounting to 165.522 million shares worth N2.320 billion in 2,530 deals, or 21.87%, 16.99%, and 16.99% of the total volume and value of equity turnover, respectively.
Top trades
Fidelity Bank: volume: 26644503.00, value: 145133358.41
CHAMS: Volume: 17789792.00, Value: 5302280.43
FBNH: Volume: 15136342.00, Value: 177191697.45
The three top price gainers
Triple Gee and Company PLC (+31.25%) to close at N1.05
International Energy Insurance Plc +28.57 to close at N0.63
CHELLARAMS PLC. +23.97 to close at N1.81
MUTUAL BENEFIT ASSURANCE PLC. +23.33 to close at N0.37
The three top price decliners
CWG PLC: -13.46% to close at N0.90
NIGERIAN BREW. PLC. fell 9.69% to N41.95 at the close.
Thomas Wyatt NIG. PLC -9.66% to close at N1.31
COURTEVILLE Business Solutions PLC -6.00% to close at N0.47
