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Bears take the day as NGX market cap dips by N112.28 billion

Bears sustain dominance as the Nigerian Bourse lose N11.02 billion

The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 51 basis point.

The NGX ASI closed at 42,247.98 points, to reflect a decline of 0.51% from the previous trading day and a Year-to-Date (YTD) return of 4.91%. Meanwhile, the market capitalization decreased by N112.28 billion.

At the close of market today, Thursday 2nd December 2021, the stock exchange market value currently stands at N22.04 trillion from N22.16 trillion in the previous trading day.

The market breadth closed negative as MEYER led 17 gainers, and 34 Losers topped by BOCGAS at the end of today’s session.

The stock market has advanced 1,977.26 base points since the start of the year.

NGX ASI Top gainers

MEYER up +10.00% to close at N0.22
NEM up +7.33% to close at N2.05
ROYALEX up +5.88% to close at N0.54
JAPAUL up +5.26% to close at N0.40
CHAMS up +4.76% to close at N0.22

NGX ASI Top losers

BOCGAS down –10.00%to close at N9.45
UPDC down –9.09% to close at N0.90
TRANSEXPR down – 8.99% to close at N0.81
LIVINGTRUST down – 8.33% to close at N0.88
MANSARD down – 7.89% to close at N2.10

NGX ASI Top Traded by Volume

FBNH – 113,359,681 units
GTCO – 33,476,554 units
ACCESS – 18,964,946 units
TRANSCORP – 18,139,384 units
ZENITHBANK – 14,563,056 units

NGX ASI Top Traded by Value

FBNH – N1,346,209,110.90
SEPLAT – N1,009,566,799.70
GTCO – N821,132,302.10
MTNN – N625,691,568.10
ZENITHBANK – N346,513,432.60

Market sentiments trend towards the bears despite the market differential being in favour of the decliners as 17 gainers surpassed 34 losers.

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