Daily Market Report for May 09, 2022Yahya Abdulrahman
NGX All Share Index closes on a Positive note… ASI gains 190 Basis Points
The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 1.90% to close at 51,902.48. Market Capitalization
increased by 521.56 billion to close at N27.98 trillion while the Year-to-Date (YtD)
returns settled at 21.50%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Banking, Industrial and Consumer Goods. Some of today’s market
gainers include, NB (10.00%), CADBURY (9.96%), MTNN (9.45%), CONOIL (9.38%),
PRESCO (4.71%), FIDSON (3.19%), WAPCO (2.73%), GTCO (1.50%), ETI (0.78%),
DANGSUGAR (0.31%) and NGXGROUP (0.21%) amongst others.
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.25% to close at 700.85. Consequently, Market
Capitalization closed at 921.53 billion. Market activity measured by aggregate
volume increased by 1,486.84% and value increased by 2,654.86%. Investors traded
a total of 777,552 units of shares valued at N141.23 million in 8 deals.
please find here our Daily Financial Market update for today, May 9, 2022