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Market Performance Report for May 11th, 2022.

Home   /   Daily Market Reports   /   Market Performance Report for May 11th, 2022.
11
May

May 11, 2022
by
in Daily Market Reports

The market reverses the loss of yesterday as MTN Nigeria and Okomu oil Plc both gained 9.21% and 10% respectively. The Market Capitalisation of the Nigeria Exchange was lifted by N557Billion at the end of today’s trading session.

Transactions on the floor of the Nigerian Exchange Limited (NGX) on Wednesday, closed on a positive note as the All Share Index appreciated by 1.99% to settle at  52,838.45 points, from the previous close of 51,805 points, bringing the year-to-date to 23.70%, the month-to-date to 6.30% and the week-to-date to 3.70% respectively.

Investors gained N557Billion as market capitalisation appreciated by 1.99% to close at N28,486trillion from the previous close of N27.929trillion. An aggregate of 417.386Million units of shares were traded in  7,331 deals valued at N7.331Billion.

Market Breadth:

The market breadth closed positive as 43 equities gained while 27 equities declined in their share prices.

Percentage Gainers:

CWG Plc led other gainers with 10% growth to close at N0.99  from the previous close of N0.90.

Okomu Oil, Champion Brewery, MCnichols Plc amongst other gainers also grew their share prices by 10%, 9.93% and 9.90% respectively.

Percentage Losers:

BUA Food Plc led other price decliners as it shed 10% off its share price to close at N56.70 from the previous close of N63.

Ikeja Hotels, Eterna, NNFM Plc amongst other losers also shed their share prices by 10%, 9.92% and 9.50% respectively.

Volume Drivers:

Jaiz Bank Plc  traded about 40.439mIllion units of its shares in 81 deals, valued at N34.916million.

Transcorp Plc traded about 35.367million units of its shares in 159 deals, valued at N42.617million.

International Brewery Plc traded about 25.354million units of its shares in 184 deals, valued at N224.911million.

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