Business News

Weekly Stock Update: Nigerian Exchange Group record 2.08% loss

Key Highlights 

  • The NGX All-Share Index and Market Capitalization depreciated by 2.08% to close the week at 51,893.94 and N28.268 trillion respectively. 
  • All other indices finished lower except for NGX Consumer Goods and NGX Sovereign Bond. 
  • A total turnover of 2.824 billion shares worth N10.964 billion in 15,686 deals was traded this week by investors on the floor of the Exchange. 

The Nigerian equities market closed bearish during the week as the All-Share Index depreciated by 2.08% in the week ended 14th April 2023. According to the weekly stock market report released by the Nigerian Exchange Group, the benchmark index, ASI, depreciated by 2.08% from 54,232.34 points to close the week at 51,893.94 index points, while the market capitalization followed suit to close at N28.268 trillion.   

This brought the month-to-date performance of the Nigerian stock market to negative 4.31% and a year-to-date gain of 1.25%.  

Equity market performance  

A total of 1.054 billion shares valued at N10.050 billion were traded during the week across 16,155 deals on the floor of The Exchange. In contrast to a total of 2.071 billion shares valued at N17.562 billion that exchanged hands last week in 17,917 deals. 

The Financial Services Industry led the activity chart in terms of volume of shares traded with 630.378 million shares valued at N5.438 billion traded in 7,705 deals; thereby contributing 59.83% and 54.11% to the total equity turnover volume and value respectively.  

The Conglomerates Industry followed with 248.074 million worth N394.370 million in 812 deals, while the Oil and Gas Industry, stood in third place with a turnover of 70.921 million shares worth N1.345 billion in 1,452 deals.   

Trading in the top three equities by volume namely TRANSCORP, UBA and FIDELITYBK accounted for 498.527 million shares worth N2.118 billion in 1,862 deals, contributing 47.32% and 21.07% to the total equity turnover volume and value respectively.  

Similarly, 1 index finished higher while 16 finished low respectively while the NGX ASeM and NGX Growth indices closed flat. 

Top Gainer 

  • NAHCO up + 20.99% to close at N9.80 
  • MANSARD up + 15.79% to close at N2.20   
  • CWG up + 14.94% to close at N1.00 
  • LINKASSURE up + 11.63% to close at N0.48 
  • LASACO up + 9.09% to close at N1.20 

 Top Losers 

  • ETERNA down – 19.12% to close at N5.50 
  • MULTIVERSE down – 18.83% to close at N2.63 
  • ABCTRANS down – 16.22% to close at N0.31 
  • ROYALEX down – 15.38% to close at N0.66 
  • UACN down – 10.99% to close at N8.50 


Sixteen (16) equities appreciated during the week lower than thirty-seven (37) equities in the previous week. Thirty-seven (37) equities depreciated at a price higher than thirty (30) in the previous week, while one hundred and three (103) equities remained unchanged, higher than ninety (90) equities recorded in the previous week.    


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