Finance & EconomyNews

Investors Lose N614.35bn as NGXASI Dips by 2.26%; Debt Market Size Declines by 0.10% to Close at N29.13trn; IEFX Rate Appreciates to N428.75

Nigerian Equities Market dipped further to maintain negative as sell pressure persists while key market indicator closed below 50,000 psychological lines.

The NGX All-Share Index dipped by 2.26% to close at 49,350.71 basis points as against 0.46% loss recorded to close at 50,489.73 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N614.35bn loss.

YTD, the NGXASI Stands at +15.53% 

The total volume traded declined by -32.14% to close at 140.61m, valued at N1.60bn and traded in 3,895 deals. AIICO was the most traded stock by volume with 14.85m units traded while SEPLAT was the most traded stock by value which is put at N441.75m. 

Sectoral performance was broadly negative as two (2) NGX sector index closed northward, thirteen (13) closed southward while three (3) closed flat. The NGX Banking Index inched up by 0.60% to top the gainers while NGX Premium Index dipped by -5.09% to the losers’ chart.

Gote index dipped by 8.62% to close at 126.46 basis points while Toni index also dipped by 0.02% to close at 109.31 basis points.

At the close of trading, market recorded 12 gainers to 15 losers and 78 unchanged. NEM topped the list of gainers while CORNERST topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.04x.

Volume and Value Contribution

AIICO led the volume’s chart with 7.17% contribution and closely followed by STERLNBANK and SOVRENINS

SEPLAT tops the value’s chart with 27.61% contribution and closely followed by MTNN and GTCO

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