Nigerian Exchange closes negative as market cap loses N28 billion  

The Nigerian stock market closed negative amidst buy-interests and sell-offs as activities of the bulls and bear drive down the broad market by 10 basis point. The All-share Index (ASI) depreciated by 0.10% to close at 49,575.93 points.  

In the same vein, Market Capitalization dropped by N28 billion to close at N26.74 trillion while the Year-to-Date (YtD) returns settled at 16.06%. The stock market has advanced by 6,859.49 base points since the start of the year.   

On a sectoral level, all 4 of the 5 major indices of the Nigerian Exchange closed negative with NGX Consumer Goods, Industrial, Insurance and Banking index down by 0.02%, 0.01%, 1.09% and 1.32% respectively and Oil and Gas closed flat at 0.00% 

Market Indices  

• NGX ASI: 49,575.93 points  
• Previous ASI: 49,627.72 points  
• % Day Change: 0.10%  
• % Y-t-D: 16.06% 
• Market Cap (N): 26.740 trillion  
• Volume: 197,457,773 
• Value (N): 2.94 billion  
• Deals: 3,462 

NGX Top ASI gainers   

• REGALINS up +8.00% to close at N2.27 
• ABCTRANS up +7.14% to close at N0.30 
• JAPAULGOLD up + 3.70% to close at N0.28 
• LIVESTOCK up +3.60% to close at N1.15 
• HONYFLOUR up +3.00% to close at N2.40 

NGX Top ASI losers   

• FTNCOCOA down – 9.38% to close at N0.29 
• CHAMS down – 9.09% to close at N0.30 
• WAPIC down – 5.26% to close at N0.36 
• CUTIX down – 4.87% to close at N2.15 
• AIICO down – 3.51% to close at N0.55 

Top 3 by Volume   

• COURTVILLE – 87,144,422 
• ZENITHBANK – 18,250,335 
• GTCO – 9,482,091 

Top 3 by Value  

• NESTLE – N1,628,054,163.50 
• ZENITHBANK – N360,257,782.40 
• GTCO – N187,388,038.20