The Nigeria Exchange Limited (NGX) concluded 2023 on a high note, with the All-Share Index (ASI) appreciating by 0.36%, reaching 74,773.77 points. This achievement reflects a remarkable year-to-date growth of 45.90%, marking the exchange’s best return since 2020.

During the last trading session of the year, equities experienced a notable increase, propelling the market capitalization to N40.92 trillion, up from the previous day’s N40.77 trillion. While the trading volume saw a slight decline to 368.629 million units, the market turnover value surged to N12.82 billion compared to N5.67 billion the day before.

Top gainers included LEARNAFRCA (+10.00%), TRANSCOHOT (+10.00%), MULTIVERSE (+9.95%), ABBEYBDS (+9.90%), and IMG (+9.80%). On the other hand, DEAPCAP (-6.90%), SNUASSUR (-5.17%), FTNCOCOA (-4.52%), NAHCO (-4.51%), and TANTALIZER (-4.8%) emerged as the top losers.

In terms of volume, ZENITHBANK (+1.18%) led with 28.88 million units, followed by CONHALLPLC (+9.79%) with 26.62 million units. When considering value, GEREGU (0.00%) topped the list with N7.22 billion, trailed by ZENITHBANK (+1.18%) with N1.116 billion.

Notably, ZENITHBANK (+1.18%), GTCO (+1.12%), and MTNN (+0.57%) saw price gains, while BUAFOODS (-2.77%) and AIRTELAFRI (-0.03%) recorded price losses among stocks worth over N1 trillion. The trading sentiment for tier-1 banks was also mixed, with FBNH (-0.21%) and ACCESSCORP (-0.22%) experiencing price losses, while ZENITHBANK, GTCO, and UBA (+2.19%) observed price gains.

The NGX’s performance at the close of 2023 demonstrates the resilience and potential of the Nigerian capital market, paving the way for new opportunities and growth in the coming year.