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NGX Market Capitalisation Drops Further

Zenith Bank: Nigerian Bourse Drops 0.33 Per Cent

The Nigerian Exchange (NGX) ended the week on a downward trend, dropping by 0.19 per cent on Friday.

The NGX All-Share Index, which closed at 42,167l.91 from 42,247.98 on Thursday, lost 80.07 points or 0.19 percent.

The market capitalization fell by N41 billion or 0.19 per cent to N22.003 trillion from N22.044 trillion reported on Thursday.

By percentage terms, FTNCocoa topped the laggards’ chart, shedding 7.89 per cent to close at 35k per share.

While Consolidated Hallmark Insurance lost 6.38 per cent to close at 44k, Champion Breweries lost 5.88 per cent to close at N2.40 per share.

Courtvellle Business Solutions lost 5.13 per cent to close at 37, while Chams lost 4.55 per cent to close at 21.

In contrast, UPDC led the gainers’ table in percentage terms, gaining 10 per cent to close at 99K per share.

Linkage Assurance followed with 9.80 per cent to close at 56k, while NEM Insurance gained 9.76 per cent to close at N2.25.

Prestige Insurance shed 8.51 percent to lose at 51k per share, while Academy Press gained 8.33 percent to close at 39k.

The volume of shares traded decreased as investors traded 180.95 million shares valued at N2.43 billion in 4,019 transactions.

In comparison, 324.02 million shares worth N5.29 billion were exchanged in 4,706 deals on Thursday.

GTCO was the toast of investors with 23.96 million shares worth N581.57 million traded.

In second place, Mutual Benefits Assurance traded 20.17 million shares worth N4.95 million, while Access Bank traded 18.72 million shares worth N168.32 million.

Ecobank Transnational Incorporated sold 9.44 million shares valued at N75.99 million, while United Capital sold 9.25 million shares worth N91.78 million.

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