Nigerian Stock Exchange (NGX) Live
|ASI Index||Year-to-Date||Market Cap.|
|54,892.53 (-31.55)||+3,641.47 (7.11%)||NGN 29.91Tr|
The Nigerian Stock Exchange (NGX, officially Nigerian Exchange Group) is a leading integrated market infrastructure in Africa servicing the continent’s largest economy. The Exchange provides capital access to companies seeking to take advantage of the financial markets to fund their business expansion. Likewise, NGX provides its pool of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives. In March 2021, the erstwhile Nigerian Stock Exchange was demutualized from a member-owned not-for-profit entity into a shareholder-owned, profit making entity Nigerian Exchange Group Plc.
NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalization. Additional indices are the NGX30 and NGX50 which respectively track the top 30 and 50 companies in terms of market capitalization and liquidity. Both indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalization—the number of a company’s listed shares, multiplied by the closing price, and multiplied by a capping factor.
|Top Gainers (13)|
|Bottom Losers (11)|
NGX maintains three categories of listing: the Premium Board, the elite group of companies that meet stringent corporate governance, capitalization, and liquidity criteria; Main Board, the larger companies who are admitted to the bourse based on profitability or market capitalization; and Alternative Securities Market (ASeM), the smaller, high-growth emerging businesses. The listed equities below incorporate companies from all primary stock market segments.
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- Showing 101 - 157 of 157 listings
NGX TRADING SUMMARY FOR FRIDAY, MARCH 24, 2023: At the end of the last weekday of trading on the Nigerian Stock Exchange (NGX), a total of 137,560,165 shares in 2,912 deals, corresponding to a market value of NGN 3,873,422,900.15, were traded. Compared with the previous NGX trading day (Thursday, March 23), today's data shows 17% improvement in volume, 177% improvement in turnover, and 13% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 29.9 trillion.
In the aggregate, 102 NGX listed equities participated in trading, ending with 13 gainers and 11 losers. NPF Microfinance Bank led the gainers with 6.94% share price appreciation closing at NGN 1.85 per share, followed by Geregu Power (+6.25%), Lasaco Assurance (+5%) and Chams (+4.17%). On the losing side, Aiico Insurance came out last with an end-of-day price depreciation of 5% at NGN 0.57 per share, followed by Wapic Insurance (-4.76%), Linkage Assurance (-4.76%) and International Breweries (-2.25%). Fidelity Bank recorded the highest volume of 21.5 million traded shares, followed by Guaranty Trust Holding (14.9m), Neimeth International Pharma (14m) and United Bank for Africa (12.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 31.55 (-0.06%) points to close at 54,892.53, representing a 1-week loss of 0.04%, a 4-week loss of 0.1%, but an overall year-to-date gain of 7.11%. Other remarkable indices that performed were the NGX Top 50 Index (-0.16%; -0.31% 1WK; +6.01% YTD), NGX Top 30 Index (-0.26%; -0.16% 1WK; +6.25% YTD), NGX Oil & Gas Index (+0%; +12.73% YTD), NGX Main Board Index (-0.05%; -0.3% 1WK; +5.82% YTD), NGX Premium Index (-0.07%; +0.31% 1WK; +8.88% YTD), and NGX Consumer Goods Index (-0.21%; -0.74% 1WK; +18.21% YTD).