Trading activities on the floor of the Nigerian Exchange (NGX) ended negatively on Tuesday as investors lost N25 billion, following a trading session dominated by bears.
The equities market’s All Share Index (ASI) decreased by 0.09% to close at 48,853.54 points, resulting in the depreciation of the market capitalization by N25 billion.
According to data provided by the market regulators on the day’s trading, at the close of trading session on Tuesday, the stock market value stood at N26.6 trillion. This implies that year-to-date (Y-T-D), the stock market appreciated in value by 6137.1 basis points or 12.56%.
Meanwhile, market breadth closed negative as SMURFIT led 13 gainers, with 16 losers topped by SCOA at the end of today’s session.
A further analysis of the market indices showed that the volume traded stood at 162.9million at a value of N3.87 billion in 3,286 deals.
The top five gainers SMURFIT, which was up +10.00% to close at N0.22; CORNERST up +8.70% to close at N0.50; BUACEMENT, which appreciated by + 3.60% to close at N95.00; FTNCOCOA, which was up +3.23% to close at N0.32 and ZENITHBANK, which appreciated by +2.45% to close at N23.00.
On the ASI losers chart were SCOA, which dipped – 9.30% to close at N0.78; CHAMS which slided – 8.70% to close at N0.21; JAIZBANK, which was down – 8.42% to close at N0.87; LASACO which dipped – 6.67% to close at N0.84; even as UPL was down – 5.46% to close at N1.73
The top 3 traded stocks by volume include STERLNBANK – 31,611,494; GTCO – 19,208,074; and CHAMS – 16,424,629.
However, the top three traded stocks based on value traded were MTNN- N2,596,032,633; GTCO– N403,287,713; and ZENITHBANK – N323,616,050
