Investor’s fortune reduced by ₦19.089 billion, as trading activities on the floor of the Nigerian Stock Exchange (NGX) on Tuesday closed bearish. It recorded a marginal decline of 0.06%.
The decline was attributed to losses recorded in some high and medium capitalised stocks.
NGX All-Share index dropped 0.06% and closed at 54,189.31 basis points from 54,224.35 that was recorded at the close of the previous trading day.
Market capitalisation stood at ₦29.519 trillion after it shed ₦19.089 billion at the close of Tuesday’s trading activities.
This represents a week-on-week (wow) loss of 0.56%, a monthly gain of 3%, and an overall year-to-date (ytd) gain of 5.73%.
A total of 129.174 million units of shares corresponding to a market value of ₦3.077 billion were exchanged in 2,950 deals.
Compared with the previous NGX trading day, the data shows a 16% decline in volume, 44% decline in turnover, and 5% decline in deals.
Losers And Gainers
GEREGU led the activities of the day (when measured by volume) trading 125.010 million unit of shares valued at ₦12.502 billion while GTCO exchanged 31.074 million shares valued at ₦779.380 million. ZENITHBANK traded 15.036 million shares with corresponding market value of ₦375.845 million.
Market breadth was also negative, as 15 stocks depreciated in value while 10 stocks gained.
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VERITASKAP led the laggards table after falling 4.76% to close at ₦0.20 per share, followed by LINKASSURE which shed 4.44% and close at ₦0.43% share. Also, INTBREW lost 4.26% and closed at ₦4.50 per share.
TRANSCORP depreciated by 4.03% and closed at ₦1.19 per share while CHIPLC lost 2.99% to close at ₦0.65 per share.
On the other hand, MRS led the gainers’ table gaining 10.00% to close at #25.30 per share, closely followed by TRIPPLEG which appreciated by 9.63% as it closed at ₦2.39 per share.
LIVINGTRUST gained 5.16% to close at ₦2.65 per share while AIICO and UPDCREIT increased slightly gaining 1.69% and 1.64% to close at ₦0.60 and #3.10 per share respectively.
