The Nigerian Exchange (NGX) opened on Monday with bears sustaining their hold on the local bourse, thereby impacting negatively on the broad market’s performance
As a result, at the end of the day’s trading the market’s All-share Index (ASI) depreciated by 0.01% to close at 55,788.37 points while the market capitalization dipped by N3 billion to close at N30.391 trillion.
Data from the Nigerian Exchange Limited (NGX) on the local bourse’s trading trend showed that the decline in the market’s ASI reduced the market’s Year-to-Date (YtD) returns by 8.13%, causing the market to advance by 4,192.71 basis points since the commencement of trading sessions in the bourse on January 4 this year.
In addition, the data reflected that the market breadth closed slimmer as UPL led the 11 gainers’ table while the NGXGROUP topped the 21 losers table at the end of the Monday’s trading session.
According to the NGX, the volume of stocks traded during the day under review totaled 179.0 million with a value of N2.54 billion in 4,296 deals.
Similarly, the trading data showed that the five top ASI gainers comprised UPL up + 9.89% to close at N2.00; CWG up + 7.69% to close at N0.98; MULTIVERSE up + 5.04% to close at N0.98; BUAFOODS up + 5.21% to close at N0.30; and REGALINGS up + 3.45% to close at N0.30
Conversely, the top five ASI losers were NGXGROUP down – 9.72% to close at N26.00; NPFMCRFBK down – 8.47% to close at N1.73; COURTVILLE down – 6.25% to close at N0.45; LIKNASSURE down – 4.35% to close at N0.44; and ROYALEX down – 3.95% to close at N0.73
The NGX further reported that the top three traded stocks by volume were NGXGROUP –38,153,504; TRANSCORP –19,734,414; and STERLNBANK –15,885,152 while those that topped the value table comprised NGXGROUP – N994,554,000; ZENITHBANK – N374,262,538; and UCAP – N132,752,437.
