investors lose N46 billion as Stock Market closes negative

The Nigerian Exchange Group (NGX) closed negative amidst buy-interests and sell-offs as bears dominated proceedings, driving down the broad market. 

The All-share Index (ASI) depreciated by 0.16% to close at 52,615.51 points.    

Also, Market Capitalization declined by N46 billion to close at N28.658 trillion while the Year-to-Date (YtD) returns settled at 1.97%. The stock market has advanced by 1019.85 basis points since the start of the year.    

Market breadth closed negative as CHELLARAM led 17 gainers, and 21 losers topped by FTNCOCOA at the end of today’s session. 

The market indices are as follows:

• NGX ASI: 52,615.51 points 
• Previous ASI: 52,701.31  points 
• Percentage Day Change: 0.16% 
• Y-T-D: 1.97% 

• Market Cap: N 28.658 trillion 
• Volume: 217.9 million 
• Value: N4.47 billion 
• Deals: 3,377 

The Top ASI gainers are:

• CHELLARAM up + 9.77% to close at N1.46  
• CHIPLC up  + 9.52% to close at N0.69 
• LINKASSURE up + 9.09% to close at N0.48 
• INTENEGINS up + 7.89% to close at N0.41 
• MBENEFIT up + 6.67% to close at N0.32 

While the Top ASI losers include:

• FTNCOCOA down – 6.67% to close at N0.28 
• ABCTRANS down – 6.45% to close at N0.29 

• LIVESTOCK down – 5.00% to close at N1.14 
• REGALINS down – 3.57% to close at N0.27 
• OANDO  down – 3.51% to close at N3.85 

STERLNBANK, ZENITHBANK and GTCO ranked top 3 by volume at 94,270,211, 16,918,676, 13,162,108  respectively.

The top 3 by value are GEREGU, AIRTELAFRI and DANGCEM at N1,352,974,425, N612,596,768, and N557,813,538 respectively.