The stock market closes bearish as investors lose N622 billion

Key Highlights

• The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs, with bears regaining dominance, driving down the broad market.
• The All-share Index (ASI) depreciated by 2.07% to close at 53,750.77 points, and Market Capitalization declined by N622 billion to close at N29.281 trillion while the Year-to-Date (YtD) returns settled at 4.17%.
• Market breadth closed negative as COURTVILLE led 5 gainers, and 21 losers topped by NCR at the end of today’s session.

The Nigerian Exchange (NGX) closed negative amidst buy-interests and sell-offs as bears regain dominance, driving down the broad market.  

The All-share Index (ASI) depreciated by 2.07% to close at 53,750.77 points.  

In the same vein, Market Capitalization declined by N622 billion to close at N29.281 trillion while the Year-to-Date (YtD) returns settled at 4.17%. The stock market has advanced by 2,155.11 basis points since the start of the year.  

Market breadth closed negative as COURTVILLE led 5 gainers, and 21 losers topped by NCR at the end of today’s session.  

Market Indices  

• NGX ASI: 53,750.77 points  
• Previous ASI: 54,892.53 points  
• Percentage Day Change: 2.07%  
• Y-T-D: 4.17% 
• Market Cap: N29,281 trillion  
• Volume: 100.8 million  
• Value: N4.34 billion  
• Deals: 3,279 

NGX Top ASI gainers  

• COURTVILLE up + 6.67% to close at N0.48 
• NPFMCRFBK up + 2.70% to close at N1.90 
• AIICO up + 1.75% to close at N0.58 
• FBNH up + 0.92% to close at N11.00 
• ZENITH BANK up + 0.20% to close at N25.00 

NGX Top ASI losers 

• NCR down – 9.79% to close at N2.12 
• UNITYBNK down – 9.43% to close at N0.48  
• PRESTIGE down – 8.89% to close at N0.41  
• SUNUASSUR down – 8.33% to close at N0.44 
• AIRTELAFRI  down – 8.31% to close at N1420.00 

Top 3 by Volume  

• GTCO  – 12,835,737  
• ZENITH BANK– 11,919,987 
• UBA  –10,038,058 

Top 3 by Value  

• MTNN– N1,926,627,142 
• SEPLAT-N794,055,182 
• AIRTELAFRI– N363,814,827