NGX Index declined by 0.12% to sustain sell pressure.


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March 15, 2023.

Azonuchechi Chukwu.

The Nigerian Exchange (NGX) Limited further depreciated by 0.12 per cent on Tuesday due to sustained sell pressure from the financial services sector.

It was yet another bearish session on the floor of the Nigerian stock market on Tuesday as the All Share Index declined again by 0.12% to close at 55,722.90 points against the previous close of 55,788.37 points on Monday.

The market capitalisation closed at N30.356 trillion, shedding 35 billion from N30.391 trillion recorded in the last session.

An aggregate of 199 million units of shares were traded in 3,898 deals, valued at N2.8 billion.

Market Breadth

The market breadth closed negative as 9 stocks gained against 17 that declined in their share prices.

Percentage Gainers.

ENAMELWA with 9.57% growth, led the gainers table to close at N17.75 from the previous close of N16.20.

FTN Cocoa and Sterling Bank among other gainers also grew their share prices by 7.69% and 3.42% respectively.

Percentage Losers.

CHAMS, Prestige Assurance and Linkage Assurance among other stocks shed their share prices by 8.00%, 7.32%, and 6.82% respectively.

Volume Drivers

Zenith Bank traded about 16.5 million units of its shares in 353 deals, valued at about N412.5 million.

UCAP traded about 12.8 million units of its shares in 187 deals, valued at about N185.9 million.

UBA traded about 12.7 million units of its shares in 235 deals, valued at N102.8 million.                                            (

Azonuchechi Chukwu
Azonuchechi Chukwu
Ms Azonuchechi Chukwu has a BSC holder in mass communication Ebonyi State University

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