Trading at the Nigerian Exchange (NGX) opened negative on Tuesday amidst buy-interests and sell-offs as bears dominated the trading session, thereby driving down the broad market’s value
Consequently, the equities market’s All-share Index (ASI) slumped by 0.28% to close at 55,035.39 points while the market capitalization declined by N84 billion to close at N29.436 trillion.
The market’s indices showed that the decline in the ASI dipped the market’s Year-to-Date (YtD) returns down by 4.72%, slowing down the advance of the market to 2,439.73 basis points since the commencement of trading sessions in the bourse on January 4 this year.
The trading data from the Nigerian Exchange Limited (NGX) indicated that the market breadth closed negative as SCOA led the 14 gainers’ table, while MULTIVERSE topped the 11 losers table at the end of the trading session.
According to the official trading data, the volume of stocks traded on the Exchange on Tuesday stood at 296.7 million with a value of N3.06 billion in 4,408 deals.
At the end of the day’s trading session, the five top ASI gainers were SCOA up + 10.00% to close at N0.99; NAHCO up + 9.55% to close at N9.75; LINKASSURE up + 9.09% to close at N0.48; SUNUASSUR up + 8.51% to close at N0.51; and WAPIC up + 8.11% to close at N0.40
Conversely, the top five ASI losers were MULTIVERSE down – 9.88% to close at N2.92; ETERNA down – 8.94% to close at N5.60; ABCTRANS down – 8.82% to close at N0.31; NGXGROUP down – 5.45% to close at N26.00; and AIICO down – 5.00% to close at N0.57
The equities market’s indices further reflected that the top 3 traded stocks by volume were FIDELITYBK –46,588,978; OANDO – 33,367,213; and TRANSCORP –30,723,907 while the 3 that topped the value table comprised ZENITHBANK – N373,782,662; GTCO– N338,771,708; and SEPLAT – N336,671,120.
