Trading activities on the floor of the Nigerian Exchange (NGX) closed Tuesday on a negative note with market capitalization dipping by N1 billion, as bears regained hold on the bourse.
As expected, the All Share Index (ASI) closed at 49.316.29 points, even as market breadth closed negative despite the fact that UPDCREIT led 11 gainers.
As of the close of the market in the day, the stock market value stood at N26.9 trillion, indicating that since trading was flagged off on the bourse this year, the equities market has advanced by 6,699.74 basis points or 15.6%.
Tthe market’s indices reflected that the total volume of traded stocks stood at 100.1 million with the value totalling N1.29 billion from 3,186 deals.
Available statistics on the trading session from the market’s regulators showed that the NGX top five ASI gainers were UPDCREIT up + 8.62% to close at N3.15; ROYALEX up + 5.95% to close at N0.89; ARDOVA up + 4.19% to close at N17.40; VITAFOAM up + 3.57% to close at N21.75; and CUSTODIAN, which gained + 2.75% to close at N5.60
On the flip side, the top five ASI losers were NEIMETH down – 9.66% to close at N1.31; SCOA down – 9.41% to close at N0.77; UPDC down – 7.07% to close at N0.92; RTBRISCOE down – 6.90% to close at N0.27; and CHAMS down – 4.55% to close at N0.21.
A further analysis of the trading indices reflected that the top three traded stocks by volume were
GTCO – 16,438,087; CHIPLC – 9,260,000; and UBA – 7,119,390 while the three top traded stocks by value include GTCO – N354,748,552; NESTLE – N279,797,379; and ZENITHBANK– N109,238,475
