NGX begins 2023 on positive note as market cap hit N28trn

The NGX All Share Index (ASI) increased by 344.60 basis points, representing a gain of 0.67 per cent to close at 51,595.66 basis points. Accordingly, investors gained N188 billion in value as market capitalisation went up to N28.103 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; BUA Foods, Fidson Healthcare, PZ Cussons Nigeria, United Bank for Africa (UBA) and Nigerian Aviation Handling Company (NAHCO).