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Market Performance Report for May 16th, 2022.

Home   /   Business News Brief   /   Market Performance Report for May 16th, 2022.
16
May

May 16, 2022
by
in Business News Brief

Transactions on the floor of the Nigerian Exchange Limited (NGX) on Monday, closed on a negative note as the All Share Index depreciated by 0.29% to settle at  52,944.09 points, from the previous close of 53,100.21 points, bringing the year-to-date to 24.31%, the month-to-date to 6.40% and the week-to-date to 0.29% respectively.

Investors lost N83Billion as market capitalisation depreciated by 0.29% to close at N28,543trillion from the previous close of N28,626trillion. An aggregate of 374.184Million units of shares were traded in  6.854 deals valued at N4.964Billion.

Market Breadth:

The market breadth closed positive as 27 equities gained while 20 equities declined in their share prices.

Percentage Gainers:

Mcnichols Plc led other gainers with 9.70% growth to close at N1.47  from the previous close of N1.34.

Northern Nig. Flourmill Company, Transcorp and Wapic Insurance Plc amongst other gainers also grew their share prices by 9.55%, 8.53% and 7.14% respectively.

Percentage Losers:

Champion Plc led other price decliners as it shed 9.84% off its share price to close at N4.37 from the previous close of N3.94.

Glaxosmithkline, International Brewery and Neimeth Plc amongst other losers also shed their share prices by 9.49%, 9.09% and 8.33% respectively.

Volume Drivers:

Transcorp Plc  traded about 88.586mIllion units of its shares in 305 deals, valued at N118.991million.

Jaiz Bank Plc traded about 87.416million units of its shares in 90 deals, valued at N77.858million.

Access Corp Plc traded about 28.752 million units of its shares in 233 deals, valued at N278.564million.

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