Trading activities on the floor of the Nigerian Exchange (NGX) closed positive on Tuesday, the first trading day in 2023, with a gain of N187 billion accruing to investors at the end of the trading session.
This indicated that the bourse’s All Share Index (ASI) increased by 1.89% to close at 51,595.66 points while the stock market value (capitalization) rose to N28.1 trillion.
Similarly, the market breadth closed positive as BUAFOODS led 23 gainers, while CHELLARAM led the 11 losers’ chart at the end of the day’s session.
Data provided by the market’s facilitators on the day’s trading reflected that the volume traded stood at 321.6million and the value at N4.3 billion in 4,122 deals.
According to the data, the top ASI gainers were BUAFOODS up + 10.00% to close at N71.50; JOHNHOLT up + 9.59% to close at N0.80; PRESTIGE up + 9.52% to close at N0.46; NAHCO up + 9.37% to close at N7.00; and UBA up + 9.21% to close at N8.30
Conversely, the NGX top ASI losers comprised CHELLARAM down – 9.82% to close at N2.02; CWG down – 8.91% to close at N0.92; FCMB down – 8.83% to close at N3.51; HONYFLOUR down – 5.98% to close at N2.20; and JAPAULGOLD down – 3.57% to close at N0.27
A further analysis if the data showed that the top 3 traded stocks by volume were FBNH – 15,115,907; GTCO – 13,756,006; and AIICO – 12,241,166 while the top 3 by value include NESTLE – N515,997,038; GTCO – N318,207,155; and DANGCEM – N198,263,982
