• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market
The stock market closes negative with Market Capitalization down N28 billion

NGX extends decline by N137 billion as sell pressure intensifies

Chris UgwubyChris Ugwu
1 year ago
in Stock Market
Share on FacebookShare on TwitterShare on Linkedin

Equity trading on the floor of the Nigerian Exchange Limited (NGX) witnessed another drop in share prices as bears sustained their grip on the stock market for the 7th trading session.

Consequently, the NGX-All-Share Index dipped 253.82 basis points or 0.50% to close at 50,188.55 index points as against 50,442.37 recorded the previous trading session while market capitalisation of equities depreciated by N137 billion from N27.064 trillion the previous day to N27.201 trillion as market sentiment remained on the negative territory.

Meanwhile, a turnover of 829.51 million shares exchanged in 4,977 deals was recorded in the day’s trading.

Insurance sub-sector was the most active (measured by turnover volume); with 654.24 million shares exchanged by investors in 139 deals.

Volume in the sub-sector was largely driven by activities in the shares of International Energy Insurance Plc and Veritas Kapital Insurance Plc.

Also, premium sub-sector was boosted by the activities in the shares of UBA Plc and FBNH Plc followed with a turnover of  50.45 million shares in 1,889 deals.

The market breadth closed negative with 34 losers and only three gainers. Custodian Investment Plc, Prestige Assurance Plc and Jaiz Bank Plc with 10% loss each while FCMB Plc led the few gainers with 3.33% gain.

Market Indices  

  • NGX ASI: 50,188.55 points
  • Previous ASI: 50,442.37 points
  • % Day Change: 0.50%
  • % Y-t-D: 17.49%
  • Market Cap (N): 27.064 trillion
  • Volume: 829,511 million
  • Value (N): 4.1 billion
  • Deals: 4,977

NGX Top ASI gainers    

  • FCMB up +3.33% to close at N3.10
  • NASCON up +0.91% to close at N11.10
  • NB up +042% to close at N47.70

NGX Top ASI losers   

  • CUSTODIAN down – 10% to close at N6.30
  • PRESTIGE  down – 10% to close at N0.36
  • JAIZ down –10% to close at N0.72
  • MEYER down – 9.92% to close at N2.27
  • CUTIX down – 9.78% to close at N2.03

Top 3 by Volume   

  • IEI  –637,105,004
  • TRANSCORP – 23,271,775
  • GTCO – 15,701,249

Top 3 by Value 

  • MTNN – N1,133,658,305
  • IEI – N1,019,367,708
  • GTCO – N313,150,310

Download Nairametrics App for breaking news and market intelligence.
   
Tags: fcmbFeaturedGTCOMTNNNGX
Chris Ugwu

Chris Ugwu

Chris is a Senior Financial Analyst at Nairametrics Advocates Limited with over a decade stint in active journalism and public relations practice.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *







NM newsletters
Kwakol

Zenth Bank
UBA
Mega Millions

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • 9mobile appoints John Vasikaran as new Chief Operating Officer
  • Greener Tomorrow: Transcorp champions environmental project promoting waste management and recycling in local schools
  • NNPC, Seplat empowers 350 teachers from Edo, Delta states 

Follow us on social media:

Recent News

9mobile appoints John Vasikaran as new Chief Operating Officer

9mobile appoints John Vasikaran as new Chief Operating Officer

September 21, 2023
Greener Tomorrow: Transcorp champions environmental project promoting waste management and recycling in local schools

Greener Tomorrow: Transcorp champions environmental project promoting waste management and recycling in local schools

September 21, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Contact Us
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In