NGX opens the week negative with N76 billion loss

Nigerian Exchange Limited (NGX) has commenced the week with a N76 billion deficit as bears regain control of the market.

The NGX All Share Index (ASI) fell from 43,956.76 index points last Friday to 43,818.12 index points, representing a decline of 0.03% (or 138.64 basis points).

Consequently, the total worth of stocks decreased from N23.942 trillion to N23.866 trillion, resulting in a loss of N76 billion. With 13 gainers and 13 decliners, the market breadth concluded unchanged.

Meanwhile, 3,326 transactions involving 187.09 million shares were executed during today’s trading session.

In terms of turnover volume, the premium sub-sector was the most active, with investors exchanging 6118.47 million shares across 1.077 transactions.

Activities in the shares of Zenith Bank Plc and Access Holdings Plc constituted the majority of the volume in this subsector.

The trading of GTCO Holdings Plc and Unity Bank Plc shares, which recorded a turnover of 22.37 million shares in 488 deals, also contributed positively to the banking sub-sector.

Market Indices 

• NGX ASI: 43,818.12 points
• Previous ASI: 43,956.76 points
• % Daily Change: 0.03%
• % Year-to-Date: 2.51%
• Market Capitalization (N): 23,866 trillion
• Volume: 187.09 million
• Value (N): 2.53 billion
• Transactions: 3,326

NGX Top ASI Gainers  

• FTNCOCOA surged +9.6% to settle at N0.34
• CHIPLC increased +6.90% to finish at N0.62
• MANSARD rose +5.88% to conclude at N1.62
• CHAMS advanced +4.17% to close at N0.25
• UBN climbed +3.48% to close at N5.95

NGX Top ASI Losers 

• JOHNHOLT declined –9.88% to finish at N0.81
• SCOA fell –9.71% to conclude at N1.75
• PRESTIGE dropped –7.69% to close at N0.39
• UNITY BANK decreased –5.26% to finish at N0.57
• AFRIPRUD slipped –4.67% to end at N5.35

Top 3 by Volume 

• ACCESSCORP– 87,923,339
• ZENITHBANK –19,323,689
• TRANSCORP– 10,679,983

Top 3 by Value 

• MTNN- N764,374,544
• Access-N704,474,274
• ZENITHBANK- N385,788,915