Wednesday, December 7, 2022

NGX: Indices rise by 1.09% amid renewed bullish transactions

The market capitalisation gained N262 billion to close at N24.233 trillion from N23.971 trillion on Thursday.

• November 18, 2022
Nigeria Exchange (NGX)
Nigeria Exchange (NGX)

The domestic stock market ended the week on a positive note amid gains in the stocks of Tier-one banks and MTN Nigeria.

Specifically, the market capitalisation gained N262 billion or 1.09 per cent to close at N24.233 trillion from N23.971 trillion on Thursday.

Similarly, the All-Share Index rose by 481.51 points or 1.09 per cent to close at 44,492.73 from 44,011.22 recorded on Thursday.

Consequently, the year-to-date (YTD) return rose to 4.16 per cent.

Market sentiment, as measured by market breadth, was negative, as 19 stocks lost relative to 11 gainers.

Nigerian Breweries recorded the highest price gain of 10 per cent to close at N41.25 per share.

Union Bank followed with a gain of 9.24 per cent to close at N6.50, while ABC Transport appreciated by 8.7 per cent to close at 25k per share.

Dangote Cement went up by 7.77 per cent to close at N238.50 per share.

Also, Mansard rose by 7.27 per cent to close at N1.77, while United Capital rose by 6.64  to close at N12.05 per share.

On the other hand, Fidson led the losers’ chart by 9.34 per cent to close at N8.15 per share.

WAPIC Insurance followed with a decline of  8.33 per cent to close at 33k and  Regency Alliance Insurance shed eight per cent to close at 23k per share.

Sovereign Trust Insurance lost 7.69 per cent to close at 24k, while Mutual Benefits Assurance shed 3.57 per cent to close at 27k, per share.


We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

President Muhammadu Buhari


Kolmani Oil: Gombe leaders pay ‘thank you’ visit to Buhari

The leaders promised the president to ensure the success of the Kolmani project.



Buhari to receive Guinea Bissau’s highest honour on Wednesday

The award is in recognition of the Nigerian president’s contributions to the political stability of Guinea Bissau.

A composite of Former Lagos State governor Bola Tinubu and Alpha Beta

Heading 3

In new story, Tinubu claims he made his wealth from inheritance

The presidential candidate has continued to render conflicting narratives about the source of his stupendous wealth.

Portugal's Goncalo Ramos celebrates goal against Switzerland


Qatar 2022: Gonçalo Ramos nets treble as Portugal wallop Switzerland to reach quarterfinals

Gonçalo Ramos stole the show to score a hattrick in what was his first senior national team start for Portugal.

Kaduna State Commissioner for Internal Security and Home Affairs, Samuel Aruwan


Troops neutralised “many bandits” in Kaduna: Commissioner

Several other bandits were said to have fled the onslaught with gunshot injuries.

Atiku Abubakar with Ooni of Ife, Oba Adeyeye Ogunwusi


2023: Atiku pledges restructuring during visit to Ooni’s palace

Mr Abubakar said he’ll ensure that the National Assembly amend the constitution and give power to states, LGAs and traditional rulers.