Equities Investors Lose N73bn as Nigerian Exchange Index Dips
Equities investors lost about N73 billion as the Nigerian Exchange (NGX) All-Share Index (ASI) dipped on Thursday ahead of the Democracy Day holiday.
The market index and market capitalisation fell by 5 basis points, or 0.05%, due to profit-taking in stocks that recently recorded price appreciation.
The Nigerian bourse slipped on cautious trading sentiment in ZENITHBANK, UACN, ACCESSCORP, MAYBAKER, among other sectoral names.
NGX All-Share Index fell by -113.47 basis points to close at 244,738.74, while market Capitalisation fell by ₦72.74 billion, representing a decline of -0.05%, settling at ₦156.97 trillion.
Total volume of all trades and the total value traded increased by +40.29% and +35.96%, respectively. Stockbrokers said approximately 1,720.58 million units valued at ₦52,813.35 million were transacted across 49,807 deals.
ACCESSCORP accounted for 49.61% of transaction volume in the market, followed by UBA (9.15%), NGXGROUP (4.20%), FCMB (2.98%), and AIICO (2.58%).
Also, ACCESSCORP accounted for 29.52% of the total value of all transactions, making it the most actively traded on the exchange.
CONHALLPLC and three others topped the gainers chart, up by +10.00% each, trailed by ABCTRANS (+9.86%), TIP (+9.85%), INFINITY (+9.76%), AUSTINLAZ (+9.62%), TRANSEXPR (+8.39%), and twenty-two others.
A total of thirty-four stocks depreciated. With a price depreciation of -10.00%, INTENEGINS topped the worst performers’ chart, followed by MAYBAKER (-8.51%), TRIPPLEG (-8.47%), ABBEYBDS (-7.69%), MANSARD (-6.67%), and FTGINSURE (-5.83%).
Hence, market breadth closed flat, with 31 gainers and 31 losers. Sectoral performance was positive today, with three of the five major market sectors rising.
The Consumer goods sector led with +0.42%, followed by the Oil & Gas sector (+0.14%), and the Insurance sector (+0.03%). The Banking and Industrial goods sectors declined by 0.79% and 0.09%, respectively. Seplat Energy Names Okon CEO, Elumelu Board Chairman
