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NGX Closes Bearish, As Investors Lose N35Bn

The Nigerian Exchange (NGX) closed negative at the end of Thursday’s trading, leading to investors’ loss of N35 billion despite the growth in the volume of traded stocks.

Available data from the Nigerian Exchange Limited (NGX) on the trading trend showed that the All-Share Index (ASI) traded 0.09% lower to close at 68,271.14 index points as against 68,335.72 index points recorded in the previous day’s trading session.

As expected the market capitalization dipped by N35 billion to close at N37.365 trillion, representing 0.09% lower than the N37.400 trillion recorded in the previous day’s  trading session.

An analysis of the market indices showed that the volume of equities traded rose to 1.12 billion with a total value of N5.82 billion transacted in 7,949 deals.

The NGX reported that the market breadth closed negative as JOHNHOLT (9.55%) led the gainers’ table while OANDO (-9.93%) topped the losers’ chart and that UNIVINSURE was the most traded equity – by volume – at the end of today’s session.

The top three ASI gainers comprised JOHNHOLT, OMATEK and DAAR COMMUNICATIONS gaining +9.55%, +9.52% and +9.52% respectively while  OANDO, LASACO and CHAMS led the top losers’ chart as they lost –9.93%, -9.71%, and –9.59% respectively. 

The data further reflected that trading activity on the bourse, in terms of volume, increased as 1.12 billion units of shares were traded On Thursday compared to the 566.63 million traded the previous day.

Specifically, NGX reported that UNIVINSURE led the chart in terms of volume as 669.01 million units were traded. OANDO (100.69 million) and JAPAULGOLD (43.74 million) rounded up the top 3 traded stocks during the day’s session,

However, it disclosed that in terms of value of stocks traded, OANDO (N1.45 billion) led the chart followed by ACCESS HOLDINGS (N681.95 million) and UBA (N552.75 million) to round up the top three

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