Nigeria Equities Market Falls 0.26%

NGX - Nigerian Exchange Loses ₦9Bln

The Nigerian equities market on the Nigerian Exchange Ltd. (NGX) ended on a negative note on Wednesday after the release of the financial year results. 

NGX’s All Share Index (ASI) dropped 0.26 per cent to 47,360.79 basis points from 47,482.73 basis points on Tuesday.

Consequently, the ASI’s month-to-date and year-to-date performances stood at -0.07% and 10.87%, respectively.

Market capitalization decreased by 0.26 per cent to N25.525 trillion, representing a loss of N66 billion in Tuesday’s trading session.

In contrast to 15 stocks that had gains, 34 stocks had negative performance.

The best performing stock during the session was ROYALEX, which increased by 10.00 per cent or 15k to close at N1.65 per share.

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SEPLAT followed with 9.33 per cent, gaining N88.2 to close at N1,034 per share, while MULTIVERSE recorded 9.09 per cent, gaining two Kobo to close at N24.

Similarly, NEM and FCMB gained a combined 32k and 26k each to close at N4.14 and N3.16 per share, respectively.

In the losers’ chart, Niger Insurance led with a loss of three kobo a share at 27k to close at 10 per cent.

International Breweries was second, declining by 9.7 per cent, losing 55k to close at N5.10 per share.

NGXGROUP dropped by 8.7 per cent, dropping N2.2 to close at N23.10 per share, while R.T BRISCOE dropped by 9.1 per cent with seven kobo.

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After dropping six kobo to close at 64k, CORNERST was the fifth-worst performer in the top losers’ chart with a decline of 8.6 per cent.

In terms of volume and value, the market was down in the session with daily traded volume standing at 279.954 million units, a decrease of 24.45 per cent from the previous session’s volume of 370.543 million units.

Stocks traded in the market fell by 46.99 per cent to N4.163 billion as against N7.853 billion in the previous session.

Top traded stocks were Transcorp, Access Bank, Zenith Bank, and First City Monument Bank (FCMB).

Furthermore, SEPLAT ranked among the top five performers in terms of the value of traded stocks. The company is flanked by AIRTELAFRI, Zenith Bank, NGXGROUP, and lastly UCAP.

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