The Nigerian Bourse (NGX) closed negative amidst buy-interests and sell-offs as bears dominated proceedings, weighing down the broad market by 216 basis points.
The All-share Index (ASI) depreciated by 2.16% to close at 46,366.32 points.
In the same vein, market capitalization declined by N655 billion to close at N25.254 trillion while the Year-to-Date (YTD) returns settled at 6.20%. The stock market has advanced by 2,649.88 base points since the start of the year.
The SWOOTs capitalization closed negative at the end of the trading session.
Market breadth closed negative as UCAP led 15 gainers, and 18 Losers topped by AIRTELAFRI at the end of today’s session.
NGX Continues Losing Streak As Market Cap Dips By N655 Billion
On a sectoral level, 2 of the 5 major indices of the Nigerian Exchange closed negative with NGX Insurance and Consumer goods indices down 1.18 and 0.06% respectively while the NGX banking index grew by 0.87%. Also, NGX Oil and Gas as well as Industrial remained unchanged.
NGX ASI: 46,366.32 points
Previous ASI: 47,569.04 points
% Day Change: 2.16%
% Y-t-D: 6.20%
Market Cap (N): 25,254.28 trillion
Value (N): 3.62 billion
NGX Top ASI gainers
UCAP up +9.69% to close at N12.45
REGALINS up +8.33 % to close at N0.26
SOVRENINS up + 7.69% to close at N0.28
MBENEFIT up +7.41% to close at N2.29
HONYFLOUR up +6.84% to close at N2.50
NGX Top ASI losers
AIRTELAFRI down – 10.00% to close at N1,458.00
NB down – 9.80% to close at N41.90
CWG down – 8.64% to close at N0.74
JAIZBANK down – 5.56% to close at N0.85
COURTVILLE down – 4.17% to close at N0.46
Top 3 by Volume
CWG – 258,793,145
GTCO – 57,414,676
ZENITHBANK – 13,155,012
Top 3 by Value
AIRTELAFRI – N1,351,340,010.00
GTCO – N1,067,096,677.00
ZENITHBANK – N268,751,351.65.