Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%

The Nigerian stock market closed higher during the week, with the All-Share Index gaining 0.24% in the week ended July 2, 2022. This follows the 0.14% decline recorded the previous week.

This is according to information contained in the weekly stock market report, published by the Nigerian Exchange Group.

The benchmark, ASI, rose 0.24% from 51,705.61 points at the end of last week to close the week at 51,829.67 index points, while the market capitalization followed suit to close at 27.94 trillion naira.

This brings the month-to-date performance of the Nigerian stock market to 0.02% and a year-to-date gain of 21.33%.

Equity market performance

A total of 1.35 billion shares worth N24.49 billion were traded during the week out of 22,155 trades on the trading floor. This is more than the 1.12 billion units of shares valued at N13.70 billion that traded hands the previous week in 22,350 transactions.

Similar to the previous week, the financial services sector topped the business chart in terms of volume of shares traded with 1.01 billion shares valued at 6.80 billion naira traded in 11,352 deals; thus contributing 74.87% and 27.75% respectively to the volume and value of the total turnover of the shares.

The conglomerate industry followed with 79.62 billion shares worth N144.55 billion in 689 deals, while the oil and gas industry was in third place with turnover of 73, 00 million shares worth N1.86 billion in 1,799 transactions.

Trading of the top three stocks by volume, namely MBENEFIT Plc, LIVING TRUST Plc and GTCO Plc, accounted for 484.84 million shares worth N2.41 billion in 2,410 trades, contributing 35 .97% and 9.86% to the volume and value of the total turnover of the shares.

Similarly, 11 indices finished higher, while 6 indices fell except for the NGX Sovereign Bond index and the NGX ASeM index, which remained unchanged.


  • JOHNHOLT up +30.16% to close at N0.82
  • CORNERST up +20.97% to close at N0.75
  • OKOMUOIL up +12.09% to close at N216.90
  • TIP up +10.00% to close at N0.44
  • FBNH up +9.95% to close at N11.60


  • PZ down -18.40% to close at N10.20
  • UPL down -10.42% to close at N2.58
  • PRESTIGE down -10.00% to close at N0.36
  • NGXGROUP down -9.55% to close at N22.25
  • HONEYWELL down -8.91% to close at N2.76


The price of thirty-four (34) shares appreciated during the week, higher than that of sixteen (16) shares the previous week. Twenty-nine (29) stocks depreciated at a price lower than fifty-six (56) stocks the previous week, while ninety-three (93) stocks remained unchanged above the ninety- four (84) actions recorded the previous week.

Comments are closed.