Trade on the Nigerian Exchange Limited (NGX) floor ended on a negative note for the third consecutive day.

Both the market capitalisation and the All-Share index depreciated at the close of trade, leaving investors with a loss of ₦‎167.65 billion.


NGX: Market Cap Up By ₦‎227bn As ASI Closes At 401.18bps

Transaction on the floor of the Stock Exchange on Wednesday, 20th March 2024, sustained a third-day consecutive loss and closed on a negative note.


The NGX All Share Index declined by 0.28%, settling at 104,256.84 from the previous close of 104,553.31.

Have You Read: NGX: Stock Market Trade Closes Positive, Gains ₦837bn


This brings the year-to-date to 39.75%, the month-to-date to 4.32%, and the week-to-date to a negative 0.79% respectively.

The NGX Market Capitalisation closed at ₦‎58.948 trillion, just as investors lost ₦‎167.65 billion.

An aggregate of 298,651,776 units of shares was traded in 8,248 deals valued at ₦‎6.8 billion.

The market breadth closed positive as 29 equities gained while 24 equities declined in share prices.


Gainers And Losers

Computer Warehouse Group (CWG) and NEM Insurance Plc led other gainers with 10% growth each to close at ₦6.05 and ₦8.80 from their previous price of ₦‎5.50 and ₦‎8.00 respectively

Juli, International Energy Insurance, and Thomas Wyatt Plc amongst other gainers also grew their share prices by 9.98%, 9.85%,  and 9.55% respectively.


Secure Electronics Technology Plc led other price decliners as it shed 10% off its share price to close at ₦‎0.54, from its previous close of ₦‎0.60

Vitafoam Nigeria, Julius Berger Nigeria, and Royal Exchange Plc amongst other losers also shed their share prices by  9.88%, 9.80%,  and 9.76% respectively.

Volume Drivers

First Bank of Nigeria Holding (FBNH) Plc traded about 38.760 million units of its shares in 730 deals, valued at ₦‎1.561 billion.

You May Also Like: NGX: Again ASI Appreciates By 0.99% To Close Positive

United Bank for Africa (UBA) Plc traded about 29.083 million units of its shares in 452 deals, valued at ‎₦762.772 million

Transcorp Plc traded about 26.297 million units of its shares in 661 deals, valued at ₦‎372.538 million.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.