Equity trading on the floor of the Nigerian Exchange Limited (NGX) witnessed another drop in share prices as bears sustained their grip on the local bourse following low market sentiment.
Consequently, the NGX-All-Share Index dipped 34.06 basis points or 0.07% to close at 49.642.69 index points as against 49.676.75 recorded the previous trading session while market capitalisation of equities depreciated by N19 billion from N26.794 trillion the previous day to N26.775 trillion as market sentiment remained on the negative territory.
Meanwhile, a turnover of 125.94 million shares exchanged in 4,145 deals recorded in the day’s trading.
The insurance sub-sector was the most active (measured by turnover volume); with 41.55 million shares exchanged by investors in 291deals.
Volume in the sub-sector was largely driven by activities in the shares of Mutual Benefit Insurance Plc and Consolidated Hallmark Insurance.
Also, the premium sub-sector was boosted by the activities in the shares of Access Holdings Plc and FBNH Plc followed by a turnover of 38.67 million shares in 1,307 deals.
The market breadth closed flat with 13 losers and 13 gainers apiece. Etransact Plc led gainers with 9.65% while Courtiville Business Solutions Plc led the loser with a 7.69% gain.
NGX ASI: 49,642.69 points
Previous ASI: 49,676.75 points
% Day Change: 0.07%
% Y-t-D: 16.21%
Market Cap (N): 26,775 trillion
Volume: 125,94 million
Value (N): 3.07 billion
NGX Top ASI gainers
ETRANSACT up +9.65% to close at N2.50
SOVERIEGN up +7.69% to close at N0.28
VITAFOAM up +7.27% to close at N23.60
JAPAUL up +6.45% to close at N0.33
CHI up +4.84% to close at N0.65
NGX Top ASI losers
COUTIVILLE down – 7.69% to close at N0.48
FCMB down – 4.06% to close at N3.07
UPDC down –3.77% to close at N1.02
NACHO down – 3.72% to close at N5.70
CADBURY down – 2.99% to close at N13.00
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