NGX opens the week negative with N76 billion loss

Nigerian Exchange Limited (NGX) has started the week with a N76 billion loss as bears reclaim market dominance.

The NGX All Share Index (ASI) dropped from 43,956.76 index points last Friday to 43,818.12 index points, a decrease of 0.03% (or 138.64 basis points).

As a result, the market value of stocks dropped from N23.942 trillion to N23.866 trillion, a loss of N76 billion. With 13 gainers and 13 losers, the market breadth ended unchanged.

In the meantime, 3,326 transactions totaling 187.09 million shares were made during today’s trading session.

By turnover volume, the premium sub-sector was the most active, with investors transacting 6118.47 million shares in 1.077 transactions.

Activities in the shares of Zenith Bank Plc and Access Holdings Plc accounted for the majority of the volume in the subsector.

The trading of GTCO Holdings Plc and Unity Bank Plc shares, which was followed by a turnover of 22.37 million shares in 488 deals, also helped the banking sub-sector.

Market Indices 

• NGX ASI: 43,818.12 points
• Previous ASI: 43,956.76 points
• % Day Change: 0.03%
• % Y-t-D: 2.51%
• Market Cap (N): 23,866 trillion
• Volume: 187.09 million
• Value (N): 2.53billion
• Deals: 3,326

NGX Top ASI gainers  

• FTNCOCOA up +9.6% to close at N0.34
• CHIPLC up +6.90% to close at N0.62
• MANSARD up + 5.88% to close at N1.62
• CHAMS up +4.17% to close at N0.25
• UBN up +3.48% to close at N5.95

NGX Top ASI losers 

• JOHNHOLT down – 9.88% to close at N0.81
• SCOA down – 9.71% to close at N1.75
• PRESTIGE down – 7.69% to close at N0.39
• UNITY BANK down – 5.26% to close at N0.57
• AFRIPRUD down – 4.67% to close at N5.35

Top 3 by Volume 

• ACCESSCORP– 87,923,339
• ZENITHBANK –19,323,689
• TRANSCORP– 10,679,983

Top 3 by Value 

• MTNN- N764,374,544
• Access-N704,474,274
• ZENITHBANK- N385,788,915