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Home Markets Equities Stock Market

Bears maintain dominance as stock market valuation dips by N90 billion

Chidinma Anyalewechi by Chidinma Anyalewechi
July 13, 2022
in Stock Market
NGX extends market downturn by N19 billion
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The Nigerian Exchange Group closed negative amidst buy-interests and sell-offs as bears dominated proceedings, weighing down the broad market by 32 basis point.

The All-share Index (ASI) depreciated by 0.32% to close at 51,390.25 points. In the same vein, market capitalization declined by N90.14 billion to close at N27.71 trillion while the Year-to-Date (YtD) returns settled at 20.31%. The stock market has advanced by 8,673.81 base points since the start of the year.

The SWOOTs capitalization remained unchanged at the end of the trading session.

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Market breadth closed negative as CWG led 12 gainers, and 25 Losers topped by MULTIVERSE at the end of today’s session.

NGX Top ASI gainers

  • CWG up +10.00% to close at N0.88
  • CAVERTON up +9.84% to close at N1.34
  • ACADEMY up +9.52% to close at N0.18
  • RTBRISCOE up +8.82% to close at N0.37
  • INTBREW up +8.33% to close at N5.85

NGX Top ASI losers 

  • MULTIVERSE down – 10.00% to close at N1.89
  • REDSTAREX down – 9.82% to close at N2.48
  • CUTIX down – 8.33% to close at N2.20
  • UNITY down – 8.16% to close at N0.45
  • LIVESTOCK down – 7.97% to close at N1.27

Top 3 by Volume 

  • GTCO – 49,598,208
  • JAPAUL – 21,911,357
  • UBA – 19,346,123

Top 3 by Value

  • GTCO – N1,014,807,657.70
  • UBA – N145,433,248.75
  • PRESCO – N107,673,036.75

Follow us for Breaking News and Market Intelligence.
Tags: FeaturedGTCONGXPrescoUBA
Chidinma Anyalewechi

Chidinma Anyalewechi

For further inquiries about this article, contact: Email: chidinma.anyalewechi@nairametrics.com LinkedIn: linkedin.com/in/chidinma-anyalewechi-a323ab173/

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