The Nigerian Exchange’s (NGX’s) trading closed negative on Thursday amidst buy-interests and sell-offs as bears took over the local bourse, thus driving the broad market down.
At the end of the day’s trading session, the All Share Index (ASI) depreciated by 0.04% to close at 52,994.13 points while the market capitalization declined by N13 billion to close at N28.869 trillion.
The depreciation in the ASI also made the Year-to-Date (Y-t-D) returns to settle lower at 2.71%, reflecting that so far this year the market has advanced by 1,398.47 basis points since it opened for trading on 4th January this year.
Statistical data on the day’s trading indices from the Nigerian Exchange Limited (NGX) showed that the market breadth closed negative as AIICO led the nine gainers’ table while UPL topped the 19 losers’ table.
According to the NGX, the volume of stocks traded on the local bourse in the day under review totalled 266.9 million valued at N1.92 billion in 3,651 deals.
The data indicated that the five top ASI gainers comprised AIICO up + 5.26% to close at N0.60; ACADEMY up + 4.65% to close at N1.35; CHAMS up + 4.35% to close at N0.24; UBA up + 2.40% to close at N8.55; and CHAMPION up + 2.00% to close at N5.10
However, the top five ASI losers were UPL down – 10.00 % to close at N1.80; STERLING down – 7.50% to close at N1.48; WAPIC down – 6.98% to close at N0.40; ETERNA down – 5.98% to close at N5.50; and FTNCOCOA down – 3.57% to close at N0.27
The trading session’s data also reflected that the top three traded stocks by volume were TRANSCORP –147,152,186; ZENITHBANK – 19,107,453; and UBA –18,019,070 while the top three traded stocks by value comprised ZENITHBANK – N487,110,398; AIRTELAFRI – N290,155,606; and TRANSCORP – N205,686,200 at the end of the trading session.
