The All-Share Index increased by 1.51% during the week ending December 9th, 2022, helping the Nigerian stock market close out the week in a bullish mood. This follows the 1.26 percent growth seen the previous week.
According to the data in the Nigerian Exchange Group’s weekly stock market report, this is the case.
The benchmark index, ASI, increased by 1.51% from 48,154.65 points at the end of the previous week to close the week at 48,881.93 index points, and the market capitalization followed suit to close at N26.625 trillion.
With this, the Nigerian stock market has now performed 2.56% better so far this month and has gained 14.43% more so far this year.
Weekly Stock performance
On the floor of The Exchange, 15,317 deals totaling 1.225 billion shares worth N15.243 billion were executed during the week. This is more than the 16,183 transactions for 839.978 million shares valued at N12.418 billion that took place the week prior.
Similar to the prior week, the Financial Services Industry led the activity chart in terms of share volume traded, with 514.067 million shares worth N5.104 billion traded in 6,489 deals, contributing 41.97% and 33.48%, respectively, to the total equity turnover volume and value.
The Conglomerates Industry came in third with a turnover of 69.017 million shares worth N86.431 million in 528 deals, while the Construction/Real Estate Industry came in second with 463.348 million shares worth N1.620 billion in 210 deals.
The top three stocks by volume, UPDC, FBNH, and TRANSCORP, saw trading of 765.230 million shares valued at N4.282 billion in 847 deals, making up 62.47% and 28.09%, respectively, of the total equity turnover volume and value.
Similar to that, 8 indexes rose in value, while 9 indexes finished lower, with the exception of the NGX ASeM Index and NGX Growth index, which showed no change.
Top Gainers
BUACEMENT up + 19.09% to close at N91.70
ROYALEX up + 12.50% to close at N0.81
ETI up + 11.44% to close at N11.20
GUINNESS up + 10.00% to close at N69.30
PRESTIGE up + 9.52% to close at N0.46
Top Losers
SCOA down – 25.47% to close at N0.79
NB down – 14.44% to close at N38.50
UNITYBNK down – 14.04% to close at N0.49
CAPHOTEL down – 9.80% to close at N2.76
GEREGU down – 9.61% to close at N111.00
Summary
Thirty-one (31) stocks gained during the week, which was less than the thirty-seven (37) stocks that gained during the previous week. Twenty-six (26) stocks declined, up from twenty-five (25) the week before, while one hundred (100) stocks remained unchanged, up from ninety-five (95) stocks the week before.
