Uncategorized

Investors rally shares of MTNN, GUINNESS and others as NGX gains N383 billion

NGX closed on a positive note amid interest selling and buying as the benchmark All-Share Index (ASI) rose 142 basis points.

ASI NGX closed at 50,835.95 points, reflecting growth of 1.42% from the previous trading day and a year-to-date (YTD) return of 19.01%. Meanwhile, the market capitalization increased by N382.52 billion.

As of market close on Thursday, May 5, 2022, the market value currently stands at 27.41 trillion naira at the end of the trading day.

The breadth of the market closed positive, with MCNICHOLS leading 32 winners and 22 losers topped by TRANSCORP at the end of the day’s session.

The stock market has advanced by 8,119.51 basis points since the start of the year.

NGX Top ASI Winners

  • MCNICHOLS up +10.00% to close at N0.77
  • GUINNESS up 10.00% to close at 110.00 N
  • NB up +9.95% to close at 69.05N
  • FIDSON up +9.93% to close at N9.85
  • CONOIL up +9.92% to close at N28.80

NGX Top Losers ASI

  • TRANSCORP down -9.09% to close at N4.50
  • MULTIVERSE down -8.70% to close at N0.21
  • MBENEFIT down -7.69% to close at N0.24
  • FTNCOCOA down -7.69% to close at N0.36
  • OANDO down -7.41% to close at N5.25

NGX ASI Top Traded by Volume

  • FCMB – 138 519 204
  • ZÉNITHBANQUE – 29 352 526
  • TRANSCORP – 26,386,752

NGX ASI Top Traded by Value

  • NESTLÉ – N1 835 238 871.60
  • MTNN-N1 324 655 173.30
  • ZENITHBANK – N705 039 867.65

Market sentiment tends to be bullish with the market differential in favor of the advanced with 32 winners outpacing 22 losers.