NGX MARKET UPDATE (21, MARCH 2023)
Yesterday, the NGX-ASI closed on a bearish side ?? at -29.46 points, down by -0.05% from the previous day to close at 54,886.04 points. The NSE-30 also closed in the red ??, with a loss of -0.05% at 1960.56 points.
The Nigerian stock market continues to show negative sentiments, with Market Capitalization declining to close at N29.901 trillion?? with Year-to-Date returning at 7.09%. Since the start of the year, the market has surged by 3,634.98 basis points??.
Meanwhile, today's session ended with a negative market breadth, as ACCESSCORP led the pack of gainers while WAPIC topped the list of losers.
MARKET STATS
??NGXASI: 54,886.04 points
??Previous ASI: 54,915.39 points
??Percentage Day Change: -29.46 points (-0.05%)
??YTD: 7.09%
??Market Cap: N29.91 trillion
??Volume: 1.171 billion
??Value: N2.876 billion
??Deals: 3,067
TOP GAINERS
??ACCESSCORP — +7.14% closing at N9.00
??CUTIX — + 5.69% closing at N2.23
??UPL — +5.53% closing at N2.10
??CUSTODIAN — +5.17% closing at N6.10
??CHAMS— +4.17% closing at N0.25
??FTNCOCOA — +3.57% closing at N0.29
领英推荐
TOP LOSERS
??WAPIC — -9.52% closing at N0.38
??IKEJAHOTEL — -9.52% closing at N1.14
??STANBIC — -8.52% closing at N36.50
??MULTIVERSE — -5.80% closing at N3.25
??LIVESTOCK — -5.50% closing at N1.03
??SOVRENINS — -3.57% closing at N0.27
TOP 3 BY VOLUME
??NEIMETH — 1.07 BILLION
??UBA — 15.94 MILLION
??ACCESS HOLDINGS — 12.77 MILLION
FINANCIAL MARKET
??USD/NGN — N460.390
??EUR/NGN — N493.100
??GOLD — N1986.30
As always, it's important to keep a long-term perspective when it comes to investing. While daily market fluctuations can be exciting (or nerve-wracking), they're not usually indicative of a long-term trend.
Instead, focus on your investment strategy and goals, and make adjustments as needed to ensure you're on track.
Thanks for tuning in, and I'll see you tomorrow with another market update??.
Cheers to a productive day ahead & Remember to stay Caffeinated??