Investors in Seplat Energy and 49 other stocks gained about ₦52 billion on the trading floor of the Nigerian stock market on Tuesday.

NGX: Stock Market Appreciates By ₦52bn
Trading on the floor of the NGX

Equities on the stock market appreciated for the second consecutive session, as market capitalisation gained ₦52 billion to close at ₦32.186 trillion.


The All Share Index (ASI) rose by 95.17 points, representing a gain of 0.16% to close at 59,110.02 points.

Gains recorded from Seplat Energy, Eterna, Skyway Aviation Handling Company, and GlaxoSmithKline Consumer Nigeria, stocks made this possible.


Analysts at Afrinvest Limited said: “We anticipate buying interest to dominate tomorrow’s trading session due to sustained improvement in investor sentiment”.

Read Also: NGX Equities Market Rises By 4% After Emefiele’s Suspension


As measured by market breadth, market sentiment was positive as 50 stocks gained relative to 19 losers.

Gainers Table

Academy Press, Chams, Guinea Insurance, and Skyway Aviation Company recorded the highest price gain of 10% each to close at ₦1.98, 44 kobo, 22 kobo, and ₦7.70 per share.

Learn Africa followed with a gain of 9.92% to close at ₦2.26, while Unity Bank appreciated by 9.82% to close at ₦1.23, per share.

Losers Table

C&I Leasing led the losers’ chart by 10%, to close at ₦4.05, while Cornerstone Insurance followed with a decline of 9.82% to close at ₦1.01, per share.


Secure Electronic Technology and Veritas Kapital Assurance depreciated by 8.70% each to close at 42 kobo and 21 kobo respectively, while RT Briscoe Nigeria declined by 8.11% to close at 34 kobo, per share.

The total volume traded declined by 34.06% to 588.854 million units, valued at ₦8.961 billion, and exchanged in 8,272 deals.


Transactions in United Bank for Africa (UBA) shares topped the activity chart with 78.512 million shares valued at ₦907.474 million.

Read Also: Q1: NGX Mourns Revenue Loses To Naira Crunch, Elections

Guaranty Trust Holding Company (GTCO) followed with 65.4 million shares worth ₦2.107 billion, while Transnational Corporation (Transcorp) traded 33.706 million shares valued at ₦112.041 million.

Access Holdings traded 31.379 million shares valued at ₦466.627 million, while Veritas Kapital Assurance sold 27.759 million shares worth ₦6.089 million.

In terms of metering rate, the DisCo that recorded the greatest improvement was Benin; +13.46 pp compared to 2022/Q3.

Kaduna (-0.11 pp) was the only DisCo that recorded a decline in meter installation between 2022/Q3 and 2022/Q4.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.