Nigerian Exchange closes negative as market cap dips by N125 billion  

The Nigerian stock market closed negative amidst buy-interests and sell-offs as activities of the bulls and bears drive down the broad market by 47 basis point. The All-share Index (ASI) depreciated by 0.47% to close at 49,190.34 points.   

In the same vein, market capitalization dropped by N125 billion to close at N26.53 trillion while the year-to-date (YtD) returns settled at 15.16%. The stock market has advanced by 6,473.90 basis 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 Oil and Gas, Consumer Goods, Industrial and Insurance down by 0.20%, 0.36%, 2.30% and 0.32 respectively, while NGX Banking was up by 0.42%. 

Market Indices  

• NGX ASI: 49,190.34 points  
• Previous ASI: 49,421.91 points  
• % Day Change: 0.47%  
• % Y-t-D: 15.16% 
• Market Cap (N): 26.533 trillion  
• Volume: 126,843,083 
• Value (N): 1.78 billion  
• Deals: 3,117 

NGX Top ASI gainers   

• TRANSEXPR up +8.70% to close at N0.75 
• NEM up +2.67% to close at N5.39 
• CUTIX up + 2.50% to close at N2.05 
• ACADEMY up +2.41% to close at N1.70 
• INTBREW up +2.02% to close at N5.05 

NGX Top ASI losers   

• CORNERST down – 10.00% to close at N0.54 
• MULTIVERSE down – 9.90% to close at N2.82 
• CADBURY down – 9.62% to close at N11.75 
• BUACEMENT down – 6.18% to close at N50.10 
• GUINNESS down – 5.57% to close at N83.00 

Top 3 by Volume   

• NGXGROUP – 30,754,330 
• ZENITHBANK – 24,391,157 
• FIDELITYBK – 13,837,031 

Top 3 by Value  

• FIDELITYBK – N553,540,628.45 
• ZENITHBANK – N488,008,068.35 
• MTNN – N146,252,407.60