Nigerian Exchange starts week on negative note as market cap dips by N19 billion

The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs as activities of the bulls and bear drive down the broad market by 7 basis points. The All-share Index (ASI) depreciated by 0.07% to close at 49,440.21 points.

In the same vein, Market Capitalization dropped by N19 billion to close at N26.67 trillion while the Year-to-Date (YtD) returns settled at 15.74%. The stock market has advanced by 6,758.98 base points since the start of the year.

On a sectoral level, 2 of the 5 major indices of the Nigerian Exchange closed negative with NGX Oil and Gas and Insurance down by 1.94% and 0.25 respectively while Consumer Goods and Banking were up by 0.17 and 0.28. Also NGX industrial was flat.

Market Indices

• NGX ASI: 49,440.21 points
• Previous ASI: 49,475.42 points
• % Day Change: 0.07%
• % Y-t-D: 15.74%
• Market Cap (N): 26.667 trillion
• Volume: 67,369,216
• Value (N): 1.48 billion
• Deals: 3,386

NGX Top ASI gainers

• ETRANZACT up +9.97% to close at N3.20
• ACADEMY up +9.52% to close at N1.84
• VITAFOAM up + 5.00% to close at N21.00
• HONYFLOUR up +3.36% to close at N2.46
• CORNERST up +3.33% to close at N0.62

NGX Top ASI losers

• ABCTRANS down – 10.00% to close at N0.27
• UPL down – 9.44% to close at N1.63
• MBENEFIT down – 6.90% to close at N0.27
• RTBRISCOE down – 6.25% to close at N0.30
• COURTVILLE down – 6.12% to close at N0.46

Top 3 by Volume

• FBNH – 9,672,684
• ZENITHBANK – 9,252,081
• GTCO – 6,112,768

Top 3 by Value

• NESTLE – N615,123,366.30
• ZENITHBANK – N182,384,507.50
• GTCO – N120,396,329.45