The Nigeria Stock Exchange (NGX) wrapped up 2023 on a high note, closing with a remarkable 45.90% year-to-date growth. On the final trading day, the All-Share Index (ASI) ascended by 0.36%, reaching 74,773.77 points, showcasing a robust performance and marking its best return since 2020, when the ASI grew by 50.03%.
Market Highlights
Closing at N40.92 trillion, the market capitalization witnessed an uptick of N148 billion from yesterday’s N40.77 trillion. Notable market players, including MTNN, GTCO, BUAFOODS, and ZENITHBANK, experienced significant share price movements, contributing to this positive trajectory.
Despite a slight dip in trading volume to 368.629 million units from yesterday’s 384.576 million units, there was a notable increase in market turnover value, surging to N12.82 billion from N5.67 billion.
Key Market Indices
- NGX All-Share Index: 74,773.77 points
- % Day Change: +0.36%
- Day’s Lowest: 74,366.97 points
- Day’s Highest: 74,850.26 points
- % YTD: +45.90%
- Market Cap: N40.92 trillion
- Volume Traded: 368.63 million units
Top Performers and Underperformers
Top Gainers:
- LEARNAFRCA: +10.00% to close at N3.19
- TRANSCOHOT: +10.00% to close at N70.18
- MULTIVERSE: +9.95% to close at N18.57
- ABBEYBDS: +9.90% to close at N2.25
- IMG: +9.80% to close at N13.45
Top Losers:
- DEAPCAP: -6.90% to close at N0.58
- SNUASSUR: -5.17% to close at N1.10
- FTNCOCOA: -4.52% to close at N1.48
- NAHCO: -4.51% to close at N25.40
- TANTALIZER: -4.8% to close at N0.47
Top Traded Stocks
In terms of volume, ZENITHBANK (+1.18%) led with 28.88 million units, followed by CONHALLPLC (+9.79%) with 26.62 million units, JAIZBANK (+4.86%) with 24.61 million units, GEREGU (0.00%) with 20.05 million units, and ACCESSCORP (-0.22%) with 17.63 million units.
Regarding value, GEREGU (0.00%) took the lead with N7.22 billion, followed by ZENITHBANK (+1.18%) with N1.116 billion, GTCO (+1.12%) with N484.89 million, JBERGER (+8.04%) with N414.78 million, and ACCESSCORP (-0.22%) with N407.06 million.
SWOOT and FUGAZ Update
For stocks worth over N1 trillion, ZENITHBANK (+1.18%), GTCO (+1.12%), and MTNN (+0.57%) recorded price gains. However, BUAFOODS (-2.77%) and AIRTELAFRI (-0.03%) experienced price losses. Other members of the category (BUACEMENT, DANGCEM, and SEPLAT) recorded no price movement.
There was mixed trading sentiment among tier-1 banks as FBNH (-0.21%) and ACCESSCORP (-0.22%) recorded price losses, while ZENITHBANK, GTCO, and UBA (+2.19%) recorded price gains. The closing of 2023 indicates a dynamic and eventful year for the Nigerian stock market, showcasing resilience and notable gains.
