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Bears take control as NGX slides further

Nathanael Disu by Nathanael Disu
June 8, 2023
in Markets, Stock Market
Bears dominate Nigeria’s stock market

Stock market (Image credit: Prestmit)

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Article Summary

  • Key Market Indices closed slightly negative as NGX experiences loss.
  • The All-Share Index (ASI) traded 0.12% lower to close at 55,956.59 points as market capitalization lost N37 billion to close at N30.468 trillion.
  • John Holt Plc (-9.68%) led the losers while UBA Plc was the most traded equity in terms of volume.

The Nigerian Exchange (NGX) closed negative at the end of today’s trading session.

The All-Share Index (ASI) traded 0.12% lower to close at 55,956.59 index points as against 56,024.52 index points recorded in the previous day’s trading session.

The market capitalization of equities depreciated by N37 billion to close at N30.468 trillion, a 0.12% loss compared to the N30.505 trillion recorded in previous trading session.

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Market breadth closed negative as JOHN HOLT (-9.68%) led the losers, JAPAULGOLD (10.00%) led the gainers while UBA Plc was the most traded equity – by volume – at the end of today’s session.

Market Indices

Below are market indices for today’s trading session:

  • NGX ASI: 55,956.59 points
  • Previous ASI: 56,024.52 points
  • % Day Change: -0.12%
  • % YTD: +9.18%
  • Market Cap: N30.468 trillion
  • Volume Traded: 531.78 million
  • Value: N7.68 billion
  • Deals: 6,061 

NGX TOP GAINERS

  • JAPAULGOLD gained 10.00% to close at N0.44 per share
  • UNITYBNK gained 10.00% to close at N0.66 per share
  • SOVRENINS gained 10.00% to close at N0.44 per share
  • NSLTECH gained 10.00% to close at N0.33 per share
  • ETRANZACT gained 10.00% to close at N4.84 per share

NGX TOP LOSERS

  • JOHNHOLT was down by -9.68% to close at N1.40 per share
  • CAVERTON was down by -7.14% to close at N1.30 per share
  • WAPIC was down by -6.52% to close at N0.43 per share
  • GLAXOSMITH was down by -5.30% to close at N7.15 per share
  • STANBIC was down by -3.02% to close at N45.00 per share

TOP 3 BY VOLUME

  • UBA                      177,475,572
  • NPFMCRFBK       51,802,710
  • ACCESSCORP      32,102,844

TOP 3 BY VALUE

  • UBA                      N1,724,150,276
  • ZENITHBANK      N863,314,818
  • ACCESSCORP      N412,986,706

Follow us for Breaking News and Market Intelligence.
Tags: NGXUBA Plc
Nathanael Disu

Nathanael Disu

Nathanael Disu is a Financial Analyst at Nairametrics. He also runs a Financial Intelligence Bootcamp which helps individuals get better understanding of their Money.

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