NGX closes flat, sheds N889.07m

At the close of trading activity on Tuesday, the equities market of the Nigerian Exchange Limited (NGX) was flat as the market capitalization lost N889.07 million to close at N30.29trillion.

Yesterday activity on the Lagos bourse as the benchmark index closed at 55,603.94 points.

Investor interests in DANGCEM (+0.72%) were offset by selloffs in ZENITHBANK (-1.33%) and GTCO (-0.38%).

Consequently, the year-to-date (YTD) slipped to 8.49 per cent.

Analysis of yesterday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 0.31 per cent.

A total of 159.46million shares valued at N2.48billion were exchanged in 4,187 deals. TRANSCORP (+0.00%) led the volume chart with 14.42m units traded while ZENITHBANK (-1.33%) led the value chart in deals worth N344.88million.

Market breadth closed negative at a 1.67-to-1 ratio with declining issues outnumbering advancing ones. CUTIX (-9.09%) topped fourteen (14) others on the laggard’s log while UACN (+7.60%) led eight (8) others on the leader’s table.