For the second consecutive trading session, investors in the Nigerian Exchange (NGX) on Friday lost N28 billion as the trading session closed negative amidst buy-interests and sell-offs, driving down the broad market.
At the end of the trading, the All-share Index (ASI) depreciated by 0.09% to close at 51,893.94 points just as the market capitalization declined by N28 billion to close at N28,267 trillion.
Data provided by the market’s supervisory group, the NGX Group, indicated that the equities market’s Year-to-Date (YtD) returns settled at 0.57%, advancing by 298.28 basis points since trading started on the exchange this year.
The market’s trading indices further showed that the breadth closed negative as MULTIVERSE led 18 gainers while CADBURY topped the 21 losers’ table.
The data indicated that the total volume of traded stocks stood at 541.9 million, valued at N2.36 billion in 3,766 deals.
Also the NGX information platform on the trading trend showed that the five top ASI gainers were MULTIVERSE up + 9.96% to close at N2.54; TRANSCORP up + 9.74% to close at N1.69; ROYALEX up + 8.93% to close at N0.61; FTNCOCOA up + 8.00% to close at N0.27; and IKEJAHOTEL up + 7.41 % to close at N1.16.
Conversely, the five top ASI losers at the end of the trading session comprised CADBURY down – 9.73% to close at N10.20; WAPIC down – 9.52% to close at N0.38; RTBRISCOE down –33% to close at N0.22; WEMABANK down – 5.00% to close at N3.80; and FBNH down – 4.13% to close at N10.45.
The data further reflected that the top trader stocks by volume include UBA – 94,098,454; FIDELITYBK – 43,198,038; and ZENITHBANK – 18,168,543 while the top three by value were UBA – N 798,651,324; ZENITHBANK -N 454,270,920; and FIDELITYBK – N 217,988,007.
