Finance & EconomyNews

Investors Lose N516.69bn as NGXASI Dips by 1.86%

Nigerian Equities Market closed on a negative note as the bears continue to dominate trading activities amid intense sell pressure.

The NGX All-Share Index dipped by 1.86% to close at 50,442.37 basis points as against 1.11% loss recorded to close at 51,400.53 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N516.69bn loss.

YTD, the NGXASI Stands at +18.09% 

The total volume traded advanced by +57.98% to close at 98.85m, valued at N2.51bn and traded in 4,314 deals. FLOURMILL was the most traded stock by volume with 19.32m units traded while FLOURMILL was also the most traded stock by value which is put at N618.05m. 

Sectoral performance was negative as zero (0) NGX sector index closed northward, fourteen (14) closed southward while four (4) closed flat. The NGX Premium Index dipped by -3.76% to top all sector indices otherwise.

Gote index closed flat at 138.19 basis points while Toni index declined by -3.13% to close at 104.22 basis points.

At the close of trading, market recorded 3 gainers to 35 losers and 59 unchanged. LIVESTOCK topped the list of gainers while TRANSEXPR topped the list of losers. Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.54x.

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