Domestic Market Resumes Negative, as NGX-ASI Declines Marginally by 0.01%

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Equity market closed transaction for today, Monday (29th August 2022) negative, as the market performance indicators (NGX-ASI and Market Capitalization) were marginally down by 0.01%. Consequently, the market index (All-Share Index) dropped by 5.40 basis points, representing a decline of 0.01 percent to close at 49,676.75.

The Market Capitalization lost ₦2.92 bn, also representing a decrease of 0.01% to close at ₦26.794 trillion from ₦26.80 trillion the previous day.

However, market activities were mixed as the Total Volume traded for the day increased by 20.38%, while the Total Value dropped by 52.89%. Approximately 232.94 million units valued at ₦2.19 billion were transacted in 4,425 deals.

JAIZBANK was the most traded stock in terms of volume, accounting for 17.35% percent of the total volume of trades, followed by ACCESSCORP (15.37%), FBNH (9.90%), MBENEFIT (8.56%), and ZENITHBANK (5.34%) to complete the top five on the volume chart.

Also, ACCESSCORP emerged as the most traded stock in value terms, with 13.43% percent of the total value of trades on the exchange.

TRANSEXPR topped the advancers’ chart with a price appreciation of 9.52 percent, trailed by UPDCREIT (9.23%), MULTIVERSE (9.17%), VITAFOAM (8.37%), COURTVILLE (8.33%), MBENEFIT (6.67%), NAHCO (5.71%) and Eleven (11) others.

On the Contrary, nine (9) stocks depreciated, topped by CAVERTON with a price depreciation of 9.57% to close at ₦1.04, as JOHNHOLT (-8.99%), JAPAULGOLD (-8.82%), AIICO (-3.64%), NB (-2.86%), ARDOVA (-1.22%), FIDELITYBK (-0.65%) and GTCO (-0.50%) also dipped in price.

In that regard, the market breadth closed positive, recording 18 gainers and 9 losers.

Furthermore, the sector performance was negative as three out of the five major market sectors closed negative, led by the Consumer goods (-0.26%), trailed by Insurance (-0.24%), and the Oil & Gas (-0.05%), while the Banking sector (+0.51%), closed positive, and the Industrial Sector was unchanged.
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