NGX closes negative with market capitalization down N25 billion

Trading activities on the floor of the Nigerian Exchange (NGX) closed the day with a loss of N25 billion in market capitalization, as bears regained their grip on the local bourse.

The All Share Index (ASI) decreased by 0.09% to close at 48,853.54 points. In the same vein, market capitalization depreciated by N25 billion.

As of the close of the market on Tuesday, the stock market value stood at N26.6 trillion. Year-to-date, the stock market has advanced by 6137.1 basis points or 12.56%.

Meanwhile, market breadth closed negative as SMURFIT led 13 gainers, with 16 losers topped by SCOA at the end of today’s session.

Market Indices 

• NGX ASI: 48,853.54points
• Previous ASI: 48,899.08 points
• Percentage Day Change: 0.09%
• % Y-t-D: 12.56%
• Market Cap: N 26.609 trillion
• Volume: 162.9million
• Value: N3.87billion
• Deals: 3,286

NGX Top ASI gainers 

• SMURFIT up +10.00% to close at N0.22
• CORNERST up +8.70% to close at N0.50
• BUACEMENT up + 3.60% to close at N95.00
• FTNCOCOA up +3.23% to close at N0.32
• ZENITHBANK up +2.45% to close at N23.00

NGX Top ASI losers 

• SCOA down – 9.30% to close at N0.78
• CHAMS down – 8.70% to close at N0.21
• JAIZBANK down – 8.42% to close at N0.87
• LASACO down – 6.67% to close at N0.84
• UPL down – 5.46% to close at N1.73

Top 3 by Volume 

• STERLNBANK – 31,611,494
• GTCO – 19,208,074
• CHAMS – 16,424,629

Top 3 by Value 

• MTNN- N2,596,032,633
• GTCO– N403,287,713
• ZENITHBANK – N323,616,050