Daily Market Report for May 11, 2022Yahya Abdulrahman
NGX All Share Index closes on a Positive note… ASI gains 199 Basis Points
The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 1.99% to close at 52,838.45. Market Capitalization
increased by 556.92 billion to close at N28.49 trillion while the Year-to-Date (YtD)
returns settled at 23.70%.
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, OKOMUOIL (10.00%), MTNN (9.21%), FLOURMILL (4.93%),
MAYBAKER (4.34%), PRESCO (3.93%), DANGCEM (2.60%), WAPCO (1.40%), GTCO
(0.84%), FIDSON (0.49%) and ZENITHBANK (0.21%) amongst others.
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.50% to close at 706.33. Consequently, Market
Capitalization closed at 928.73 billion. Market activity measured by aggregate
volume increased by 6,583.17% and value increased by 24.17%. Investors traded a
total of 25.25 million units of shares valued at N35.85 million in 16 deals
please find here our Daily Financial Market update for today, May 11, 2022