Investors Lose N134.25bn as Nigeria Stock Index Declines by -0.48%

Nigerian equities market closed positive as the key market indicator declined by 246.48 basis points amid positive market breadth on Tuesday.

The NGX All-Share Index declined by -0.48% to close at 51 446.6 basis points as against a 0.92% gain recorded previously to close at 51,693.08 basis points at the end of the last trading session. In Naira terms, the Nigerian Exchange Limited (NGX) market cap records a N134.25 billion loss to close the session at N28.022 trillion.

The total volume traded advanced by 50.73% to close at 345.49m, valued at N8.3 billion and traded in 4,184 deals. FBNH was the most traded stock by volume with 151.38m units traded while BUACEMENT was also the most traded stock by value which is put at N2.92bn

Sectoral performance was broadly negative as five NGX sector indices closed northward, nine closed southward and four closed flat.

The NGX INDUSTRIAL index advanced by 1.54% to top the gainer’s chart while the NGX INSURANCE index declined by 1.75% to top the losers’ chart.

The Gote index closed advanced by 2.91% at 140.64 basis points while the Toni index declined by -0.63% to close at 119.81 basis points.

At the close of trading, the market recorded 18 gainers to 15 losers and 64 unchanged, reflecting a positive market breadth. THOMASWY  topped the list of gainers while NEM topped the list of losers.

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.05x.

Volume and Value Contribution

FBNH led the volume’s chart with 43.28% contribution and closely followed by BUACEMENT and ZENITHBANK

BUACEMENT tops the value’s chart with 35.22% contribution and followed by FBNH and NESTLE