Amidst Seesaw Movement, NGX-ASI Sheds 87points

Date:

The Nigeria equities market shed 87 points to sustain the seesaw movement to six successive sessions. Today’s decline follows the price depreciation in the Industrial and Insurance sectors.

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Consequently, the market index (All-Share Index) dipped by 87.13 basis points, representing a decline of 0.21 percent to close at 42,270.23.

While the Market Capitalization lost ₦45.46Bn, representing a decrease of 0.21 percent to close at ₦22.06 trillion.

→ Meanwhile, the market activities trade bullishly as both the Total Volume and Value traded rose by 10.28 percent and 35.73 percent, respectively.

249.43 million units valued at ₦3.57 billion were transacted in 3,578 Deals.

Today, FBNH outdid the traded stock in terms of volume, accounting for 31.73 percent of the total volume of trades, followed closely by ACCESS (13.33%), ETI (9.29%), UBA (5.19%), and ZENITHBANK (3.86%) to complete the top five on the volume chart.

Also, FBNH emerged as the most traded stock in value terms, with 26.75 percent of the total value of trades on the exchange.

→ ROYALEX topped the advancers’ chart with a price appreciation of 5.00 percent, trailed by NGXGROUP (3.92%), ETI (3.26%), TOTAL (2.35%), DANGSUGAR (1.52%), UBA (1.29%), GTCO (0.78%), FIDSON (0.48%), UNILEVER (0.38%) and six (6) others.

On the Contrary, twenty (20) stocks depreciated, topped by LIVESTOCK with price depreciation of 10.00 percent to close at ₦1.80, as CAP (-5.70%), HONYFLOUR (-1.87%), WAPCO (-1.64%), DANGCEM (-1.18%), UCAP (-1.00%), FBNH (-0.83%) and ARDOVA (-0.74%) also dipped in price. In that regard, the market breadth closed negative, recording 15 gainers and 20 losers.

→ However, the sector performance was relatively positive, as three of the five sectors appreciated, led by Oil & Gas (0.54%), trailed by Banking (0.45%) and Consumer Goods (0.11%), while Insurance and Industrial Goods sectors tanked by 0.83% and 0.73%, respectively.

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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