The Nigerian Exchange (NGX) closed negative on Wednesday as bears dominated the trading session, thus marginally driving down the broad market’s performance.
At the end of the stock buying and selling session, the All-share Index (ASI) depreciated by 0.02% to close at 52,599.65 points while the market capitalization declined by N32 billion to close at N28.649 trillion.
Based on the latest indices of the bourse, the Year-to-Date (Y-t-D) returns settled at 1.94% and so far the equities market has advanced by 1,003.99 basis points since trading sessions opened early January this year.
The day’s trading data indicated that the market breadth closed positive as CHELLARAM led 21 gainers, just as THOMASWY topped the 16 losers’ table by at the end of today’s session.
The indices at the end of the day’s trading showed that the total volume of traded stocks stood at 119.8 million with a total value of N2.68 billion in 3,552 deals.
The data further reflected that CHELLARAM up + 10.00% to close at N1.65; TRIPPLEG up + 10.00% to close at N0.88; RTBRISCOE up + 10.00% to close at N0.33; OKOMUOIL up + 9.76% to close at N181.10; and CAVERTON up + 8.42% to close at N1.03 were the top ASI gainers at the end of the day’s trading.
On the flip side, the NGX five top ASI losers were THOMASWY down – 9.66% to close at N1.31;
CORNERST down – 6.90% to close at N0.54; GEREGU down – 5.90% to close at N134.00; HONYFLOUR down – 5.15% to close at N2.21; and CWG down – 4.26% to close at N0.90
A further analysis of the day’s trading data indicated that while MBENEFIT – 11,258,018; TRANSCORP – 8,751,948; and GEREGU – 8,536,440 topped the ASI by volume, GEREGU – N1,143,976,583; MTNN – N517,051,841; and GTCO – N161,997,631 topped the stock value table at the end of the day’s trading session.
