Investors Lose N22.78bn as Stock Index Declines by 0.09%

Nigerian Equities Market closed negative as the key market indicator advanced by 49.16 bps amid positive market breadth.

The NGX All-Share Index declined by 0.09% to close at 54886.04 basis points as against 0.04% gain recorded previously to close at 54915.61 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N26.78bn loss.

YTD, the NGXASI Stands at +7.09%.

The total volume traded advanced by 646.50% to close at N156.97m, valued at N2.88bn and traded in 2952 deals. NEIMETH was the most traded stock by volume with 1.07 billion units traded while NEIMETH was the most traded stock by value which is put at N1.58b.

Sectoral performance was broadly positive as nine (9) NGX sector index closed northward, four (4) sectors index closed southward and five (5) closed flat. The NGX AFRHDYI index advanced by 1.23% to top the gainer’s chart while the NGX Food and Beverages Index declined by 0.25% to top the losers’ chart.

The Gote index declined by 0.02% to close at 150.56 basis points while the Toni index advanced by 0.25% to close at 118.63 basis points.

At the close of trading, the market recorded 8 gainers to 25 losers and 75 unchanged. ACCESSCORP topped the list of gainers while IKEJAHOTEL topped the list of losers.

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.07x.

Volume and Value Contribution

NEIMETH led the volume’s chart with 91.19% contribution and closely followed by UBA and ACCESSCORP

NEIMETH tops the value’s chart with 54.98% contribution and followed by ZENITHBANK and DANGCEM