Finance & EconomyNews

Investors Lose N281.18bn as NGXASI Dips by 1.04%

Nigerian Equities Market maintained negative posture as sell pressure continues while the key market indicator closes below 50,000 psychological lines.

The NGX All-Share Index dipped further by 1.04% to close at 49,667.14 basis points as against 0.50% loss recorded to close at 50,188.55 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N281.18bn loss.

YTD, the NGXASI Stands at +16.27% 

The total volume traded declined by -75.14% to close at 206.22m, valued at N3.92bn and traded in 5,053 deals. TRANSCORP was the most traded stock by volume with 38.53m units traded while MTNN was the most traded stock by value which is put at N2.03bn. 

Sectoral performance was negative as one (1) NGX sector index closed northward, fourteen (14) closed southward while three (3) closed flat. The NGX Oil and Gas Index inched up by 0.59% to top the gainers whilethe NGX AFRBVI Index dipped by -4.76% to top all sector indices otherwise.

Gote index closed flat at 138.20 basis points while Toni index declined by -1.46% to close at 100.62 basis points. At the close of trading, market recorded 10 gainers to 26 losers and 56 unchanged. RTBRISCOE topped the list of gainers while LASACO topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.29x.

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