NGX All-Share Index Ends First Week 2023 Down 0.06%

The Nigerian stock market recovered losses from the previous session, bringing the All-Share Index up by 0.70  to close at 51,222.34 points. Despite having gained in three of four trading sessions this week, the ASI recorded a 0.06% decline week-on-week, eroding the prior week’s gains.


As a result, the year-to-date (YTD) return stood at -0.06 per cent, while the market capitalisation shed N15.64bn w/w to close at N27.90trillion. Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 307.38 per cent. A total of 195.74 million shares valued at N7.45 billion were exchanged in 3,650 deals.

FBNH (+1.36 per cent) led the volume chart with 41.90m units traded while BUACEMENT (+0.00 per cent) led the value chart in deals worth N2.90bn. Market breadth closed negative at a 1.07-to-1 ratio with declining issues outnumbering  advancing ones. PZ (-9.09 per cent) led 15 others on the laggard’s log, while NEIMETH (+8.39 per cent) topped 14 others on the gainer’s table.