NGX: Market capitalization grows by N153.90 billion.

The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 56 basis points.

The NGX ASI closed at 51,377.21 points to reflect a growth of 0.56% from the previous trading day and a Year-to-Date (YTD) return of 20.28%. Meanwhile, the market capitalization grew by N153.90 billion.

At the close of the market on Wednesday, the 22nd of June 2022, the stock exchange market value currently stands at N27.70 trillion at the end of the trading day.

The market breadth closed positive as ELLAHLAKES led 18 gainers and 16 losers, topped by NNFM at the end of the day’s session.

The stock market has advanced 8,660.77 base points since the start of the year.

The total value of domestic and foreign transactions on Nigerian Exchange Limited (NGX) for the first five months of the year 2022 has recorded a total sum of N1.506 trillion. This record shoots higher against N933.65 billion, which was the total transactions carried out by both domestic and foreign investors in the corresponding period of January to May 2021.

In a report released by NGX Regulation Limited on behalf of NGX, the Domestic and Foreign Portfolio Investment (FPI) May 2022 report captured these transactions as well as trading figures from market operators.

Additionally, Domestic investors have continued to hold ground on the floor of the NGX despite rising inflation and currency volatility in the foreign exchange market which remained key drivers of the Domestic & Foreign Portfolio Investment.

Further analysis has shown that foreign transactions stood at N201.29 billion, accounting for about 13.37% of the total transactions carried out from January to May, while domestic transactions constituted N1.304 trillion, representing 86.63% of the total transaction, outperforming the foreign investment during the same period.