Nigerian Exchange closes negative as market cap loses N19 billion  

The Nigerian Exchange Group (NGX) closed negative amidst buy-interests and sell-offs as activities of the bulls and bears drove down the broad market by 7 basis points. The All-share Index (ASI) depreciated by 0.07% to close at 49,540.48 points.  

In the same vein, market capitalization dropped by N19 billion to close at N26.72 trillion while the year-to-date (YtD) returns settled at 15.98%. The stock market has advanced by 6,824.04 base points since the start of the year.   

On a sectoral level, 4 of the 5 major indices of the Nigerian Exchange closed negative with NGX Consumer Goods, Oil and Gas, Insurance and Banking indices down by 0.26%, 0.16%, 0.18%, and 0.09 respectively, and NGX Industrial closed flat at 0.00% 

Market Indices  

• NGX ASI: 49,540.48 points  
• Previous ASI: 49,540.48 points   
• % Day Change: 0.07%  
• % Y-t-D: 15.98% 
• Market Cap (N): 26.721 trillion  
• Volume: 167,607,573 
• Value (N): 1.26 billion  
• Deals: 3,458 

NGX Top ASI gainers   

• SOVRENINS up +8.00% to close at N0.27 
• CADBURY up +7.14% to close at N13.35 
• COURTVILLE up + 3.70% to close at N0.49  
• ZENITHBANK up +3.60% to close at N19.65 
• UBA up +3.00% to close at N7.45 

NGX Top ASI losers   

• UACN down – 9.38% to close at N10.25 
• UPDCREIT down – 9.09% to close at N3.20 
• VITAFOAM down – 5.26% to close at N20.00  
• UPDC down – 4.87% to close at N0.95 
• CHIPLC down – 3.51% to close at N0.59 

Top 3 by Volume   

• COURTVILLE – 38,811,316 
• ACCESSCORP – 28,471,662 
• FIDELITYBK – 10,819,446 

Top 3 by Value  

• ACCESSCORP – N249,362,171.10 
• SEPLAT – N196,441,290.00 
• ZENITHBANK – N167,949,381.25