Nigerian Exchange closes negative with market cap down N25bn

The market valuation of trading on the floor of the Nigerian Exchange (NGX) fell by N25 billion as sellers regained dominance over the domestic stock market.

The All Share Index (ASI) declined by 0.09% in its worth, concluding the session at 48,853.54 points. Similarly, the market valuation experienced a reduction of N25 billion.

The valuation of the stock market stood at N26.6 trillion as of the market closure on Tuesday. Thus far this year, the stock market has risen by 6137.1 basis points, which is a rise of 12.56%.

The market breadth, in contrast, finished the trading session in the negative, with SMURFIT heading 13 advancers and SCOA leading 16 decliners.

Market Indices 

• NGX ASI: 48,853.54 points
• Previous ASI: 48,899.08 points
• Percentage Day Change: 0.09%
• % Y-t-D: 12.56%
• Market Cap: N 26.609 trillion
• Volume: 162.9 million
• Value: N3.87 billion
• Deals: 3,286

NGX Top ASI Gainers 

• SMURFIT up +10.00% to conclude at N0.22
• CORNERST up +8.70% to conclude at N0.50
• BUACEMENT up +3.60% to conclude at N95.00
• FTNCOCOA up +3.23% to conclude at N0.32
• ZENITHBANK up +2.45% to conclude at N23.00

NGX Top ASI Losers 

• SCOA down – 9.30% to conclude at N0.78
• CHAMS down – 8.70% to conclude at N0.21
• JAIZBANK down – 8.42% to conclude at N0.87
• LASACO down – 6.67% to conclude at N0.84
• UPL down – 5.46% to conclude at N1.73

Top 3 by Volume 

• STERLNBANK – 31,611,494
• GTCO – 19,208,074
• CHAMS – 16,424,629

Top 3 by Value 

• MTNN- N2,596,032,633
• GTCO– N403,287,713
• ZENITHBANK – N323,616,050