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Nairametrics
Home Markets Equities Stock Market

NGX maintains bearish stance with market cap down by N28 billion

Chidinma Anyalewechi by Chidinma Anyalewechi
July 14, 2022
in Stock Market
Bears dominate Nigeria’s stock market

Stock market (Image credit: Prestmit)

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The Nigerian Bourse (NGX) closed negative amidst buy-interests and sell-offs as bears dominated proceedings, weighing down the broad market by 10 basis point.

The All-share Index (ASI) depreciated by 0.10% to close at 51,339.01 points. In the same vein, Market Capitalization declined by N28.05 billion to close at N27.69 trillion while the Year-to-Date (YtD) returns settled at 20.19%. The stock market has advanced by 8,622.57 base points since the start of the year.

The SWOOTs capitalization remained unchanged at the end of the trading session, as all 5 companies closed flat.

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Market breadth closed positive as ACADEMY led 14 gainers, and 10 Losers topped by CHAMPION at the end of today’s session.

NGX Top ASI gainers

  • ACADEMY up +8.70% to close at N2.25
  • REGALINS up +8.00% to close at N0.27
  • CWG up +7.95% to close at N0.95
  • CUTIX up +7.27% to close at N2.36
  • NAHCO up +5.00% to close at N8.40

NGX Top ASI losers 

  • CHAMPION down – 8.74% to close at N3.55
  • IKEJAHOTEL down – 7.69% to close at N1.20
  • INTBREW down – 5.17% to close at N5.50
  • MULTIVERSE down – 4.76% to close at N1.80
  • UPDCREIT down – 4.17% to close at N3.45

Top 3 by Volume 

  • TRANSCORP – 12,181,940
  • INTBREW – 7,647,213
  • FBNH – 7,408,141

Top 3 by Value

  • ZENITH – N148,274,877.40
  • GTCO – N123,747,286.15
  • SEPLAT – N115,695,928.10

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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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