Stock market closes negative as investors lose N5 billion

The Nigerian Exchange Limited once again closed on a negative note with a loss of N5 billion due to sustained sell pressure. 

The market performance indices, NGX All Share Index, depreciated by 0.02%. In the same vein, Market Capitalization declined by N5 billion to close at N23.8 trillion.

Meanwhile, market breadth closed positive with 15 gainers against 13 losers.  

Year-to-date, the stock market has advanced by 1,091.81 basis points.  The Year-to-Date returns settled at 2.55% at the end of today’s trading session.

On a sectoral level, 1 of the 5 major indices of the Nigerian Exchange closed negative with NGX Oil and Gas  index down by 0.88% respectively while the NGX banking and Insurance indices grew by 0.26% and 0.91% respectively. Similarly, NGX Consumer goods and Industrial remained unchanged.

Market Indices  

• NGX ASI: 43,808.25 points  
• Previous ASI: 43,818.12 points  
• % Day Change: 0.02%  
• % Y-t-D: 2.55%  
• Market Cap (N): 23,861 trillion  
• Volume: 103.4 million  
• Value (N): 1.18 billion  
• Deals: 3,045  

NGX Top ASI gainers   

• LEARNAFRICA up +10.00% to close at N1.50  
• CWG  up +10.00% to close at N0.80  
• CAVERTON up + 8.75% to close at N0.80  
• PRESTIGE  up +8.33% to close at N0.36  
• JAPAULGOLD  up +7.41% to close at N0.27  

NGX Top ASI losers  

• WAPCO down – 9.66% to close at N 22.25  
• ROYALEX down – 9.41% to close at N 0.85  
• CORNERST down – 9.09% to close at N 0.44  
• UPDCREIT down – 8.93% to close at N 2.80  
• FTNCOCOA down – 8.82% to close at N 0.34  

Top 3 by Volume  

• FBNH– 11,385,022  
• TRANSCORP –11,307,300  
• FIDELITYBK – 10,337,325  

Top  3 by Value  

• BUAFOODS- N221,587,086  
• AIRTELAFRI -N131,002,482  
• FBNH- N124,224,500