NGX closes lower, sheds N1.619trn
Trading activities on the floor of Nigerian Exchange on Wednesday closed lower, shedding N1.629 trillion as losses recorded in the shares of some capitalised and mid caps stock weighed down on the market.
This resulted in market capitalization of listed equities depreciating by 0.02 per cent to N159.660 trillion from N161.279 trillion reported the previous day.
The NGX All Share Index also declined by 2574.05 basis points to 249062.37 points from 251636.42 points traded on Tuesday.
Although the market breath was positive with 40 gainers against 26 losers, profit taking in BuaCement, Cap Plc, FirstHoldco, UACN and others impacted negatively on the market performance, bringing year to date return to 60.05 per cent.
A review of the investment showed that Zichis and ABC transport led gainers table with 9.99 per cent each to close at N32.04 and N8.26 per unit respectfully. JapaulGold followed with 9.95 per cent to close at N4.09 per unit, Living Trust grew by 9.97 per cent to close at N4.21 per unit, Mcnichols added 9.93 per cent to close at N4.09 per share while FTNCocoa added 9.91 per cent to close at N10.76 per unit.
On the contrary, BUACement topped losers chart, dropping by 10.00 per cent to close N414.00 per unit, Cap Plc trailed by 9.99 per cent to close at N210.35 per unit, Entranzact down by 7.03 per cent to close at N17.20 per share, International Breweries dipped by 5.38 per cent to close at N12.30 per unit, while DeapCapital fell by 4.92 per cent to close at N5.80 per share.
Volume of trades declined by 103.732 million, representing 14.74 per cent as investors traded 600.220 million shares against 703.952 million reported the previous day. Value of trades dipped by 0.08 per cent to settle at N32.720 billion against N32.149 billion exchanged in 59958 deals.
Transactions in the shares of Access Holdings company led market activities with 54.489 million shares valued at N1.380 billion, JapaulGold followed with account of 48.077 million shares cost N195.503 million, Zenith Bank traded 33.878 million shares valued N4.438 billion, Sterling Bank exchanged 21.890 million shares cost N169.343 million, NSLTECH traded 20.989 million shares cost N18.804 million.
