Nigerian Exchange closes bearish as investors lose N341 billion

The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs as bears regain dominance, driving down the broad market.

The All-share Index (ASI) depreciated by 1.16% to close at 53,124.63 points. In the same vein, Market Capitalization declined by N341 billion to close at N28,940 trillion while the Year-to-Date (YtD) returns settled at 2.96%. The stock market has advanced by 1,528.97 basis points since the start of the year.

Market breadth closed negative as PZ led 16 gainers, and 9 losers topped by CHAMS at the end of today’s session.

Market Indices       

• NGX ASI: 53,124.63 points
• Previous ASI: 53,750.77 points
• Percentage Day Change: 1.16%
• Y-T-D: 2.96%
• Market Cap: N28,940 trillion
• Volume: 202.8 million
• Value: N2.05 billion
• Deals: 3,071

NGX Top ASI gainers

• PZ up + 9.62% to close at N11.40
• INTENEGINS up + 9.24% to close at N1.30
• MULTIVERSE up + 8.72% to close at N3.24
• FTNCOCOA up + 7.69% to close at N0.28
• REGALINS up + 6.90% to close at N0.31

NGX Top ASI losers

• CHAMS down – 8.00% to close at N0.23
• UACN down – 5.76% to close at N9.00
• DANGCEM down –17% to close at N276.00
• FIDSON down – 2.95% to close at N9.55
• PRESTIGE down – 2.44% to close at N0.40

Top 3 by Volume

• TRANSCORP – 61,493,026
• FIDELITYBK– 26,956,648
• CUSTODIAN –19,969,390

Top 3 by Value

• GTCO – N291,138,307
• ZENITHBANK-N255,626,913
• MTNN– N186,409,404