Daily Market Report for May 12, 2022Yahya Abdulrahman
NGX All Share Index closes on a Positive note… ASI gains 15 Basis Points
The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.15% to close at 52,917.76. Market Capitalization
increased by 42.75 billion to close at N28.53 trillion while the Year-to-Date (YtD)
returns settled at 23.88%.
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, FIDSON (9.95%), WAPCO (9.86%), PRESCO (8.11%), PZ (6.79%),
TRANSCORP (6.61%), OKOMUOIL (4.52%), NAHCO (1.49%), DANGSUGAR (0.59%),
ACCESSCORP (0.52%) and NGXGROUP (0.21%) amongst others.
The NASD market closed Flat after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.00% to close at 766.44. However, Market
Capitalization declined by 18.65% to close at 819.80 billion. Market activity
measured by aggregate volume decreased by 91.04% and value decreased by
99.13%. Investors traded a total of 18,000 units of shares valued at N306,000 in 1
please find here our Daily Financial Market update for today, May 12, 2022