Nigeria’s equities market closed negative on Tuesday, as bears took over the trading session from the bulls, thereby causing slide in the broad market’s performance.
At the close of the trading session, the All-share Index (ASI) depreciated by 0.08% to close at 52,612.55 points while the market capitalization declined by N25 billion to close at N28.681 trillion while the Year-to-Date (YtD) returns settled at 1.97%.
The equities market has advanced by 1,016.89 basis points so far since it opened for trading this year.
The market breadth closed positive as MBENEFIT led 21 gainers while the 14 losers table was topped by NB at the end of today’s session.
Overall, the total volume of trading stood at 182.3 million with a value of N4.82 billion in 3,470 deals.
A further analysis of the day’s trading, showed that the NGX top five ASI gainers comprised MBENEFIT up + 10.00% to close at N0.33; UNILEVER up + 9.91% to close at N12.20; CILEASING up + 9.84% to close at N3.46; ABCTRANS up + 9.68% to close at N0.34; and INTENEGINS up + 8.16% to close at N0.53
Also, the market indices showed that the top five ASI losers were NB down – 9.90% to close at N41.85; CAVERTON down – 9.52% to close at N0.95; CHAMPION down – 8.00% to close at N4.60; WAPIC down – 6.67% to close at N0.42; and NGXGROUP down – 5.93% to close at N25.40
The indices further reflected that the top three traded stocks by volume were GEREGU– 23,840,483; ACCESSCORP –17,299,269; TRANSCORP – 16,647,68 while those that topped the value table were GEREGU – N3,195,589,930; GTCO– N303,413,882; and ZENITHBANK- N267,120,053
