After a 4-day winning streak, investments in the Nigerians Exchange Limited declined by 0.76%.

NGX: Market Capitalization Dips By 0.77%

Investors on the Nigerian Exchange Limited (NGX) last week recorded losses as Market Capitalisation declined by 0.77%.

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Halting four straight days of gains, the NGX All Share Index dropped by 0.76% to close at 70,042.28 points.

Have You Read: NGX Market Cap Rises To ₦‎36trn

The NGX Market capitalisation closed at ₦38.481 trillion from the previous close of ₦‎38.778 trillion, thereby shedding ₦‎297 billion.

An aggregate of 525.8 million units of shares were traded in 8,396 deals, valued at ₦‎6 billion.

The Market Breadth closed negative, as 26 equities appreciated in their share prices against 28 equities that declined in their share prices.

Gainers

OMATEK led other gainers with 10.00% growth, closing at ₦‎0.55 from the previous close of ₦‎0.50.

Academy Press, Prestige Assurance, and Tantalizer among other gainers also grew their share prices by 9.83%, 9.76%, and 9.76% respectively.

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Losers

CHAMS led other price decliners as it shed 9.87% of its share price, closing at ₦‎2.20 from the previous close of ₦‎2.24.

International Breweries and RTBRISCOE among other price decliners also shed their share prices by 8.79% and 8.51% respectively.

Volume Drivers

JAPAULGOLD traded about 92 million units of its shares in 485 deals, valued at ₦‎125 million.

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Fidelity Bank traded 67 million units of its shares in 347 deals valued at ₦‎557 million.

UBA traded about 46 million units of its shares in 535 deals, valued at ₦‎ 971 million.

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