The Nigerian Exchange (NGX) closed negative on Thursday amidst buy-interests and sell-offs as bears regain dominance, driving down the broad market.
Data on the day’s trading session from the Nigerian Exchange Group (NGX) indicated that the All-share Index (ASI), the benchmark index, depreciated by 0.02% to close at 51,944.58 points while the Market Capitalization declined by N5 billion to close at N28,295 trillion.
According to the data, the market’s Year-to-Date (YtD) returns settled at 0.67%, indicating that the market has advanced by 348.92 basis points since it opened for trading on Janruary 4 this year.
The NGX reported that market breadth closed negative as TRANSCORP led 18 gainers, while MAYBAKER topped the 21 losers table at the end of the day’s session.
The trading indices reflected that the volume of stock traded stood at 302.9 million, valued at N2.02 billion that exchanged hands in 3,743 deals.
The NGX data also showed that the five top ASI gainers comprised TRANSCORP up + 10.00% to close at N1.54; WAPIC up + 7.69% to close at N0.42; CHAMPION up + 7.64% to close at N4.93; MBENEFIT up + 6.25% to close at N0.34; and PRESTIGE up + 5.26% to close at N0.40.
On the flip side, the data reflected that the top ASI losers were MAYBAKER down – 10.00% to close at N4.05; IKEJAHOTEL down – 9.24% to close at N1.08; MULTIVERSE down –60% to close at N2.31; ACADEMY down – 6.67% to close at N1.26; and NPFMCRFBK down – 6.32% to close at N1.78.
The trading indices on Thursday further indicated that the three top traded stocks by volume were TRANSCORP – 20,614,314; FIDELITYBK – 39,308,411; and UBA- 22,602,935; while the top three stocks by value comprised ZENITHBANK– N521,285,695; FIDELITYBK -N190,355,888; and UBA– N162,832,173.
