NGX Relapses, Slips by 0.38% as Market Cap
NGX
The equities market of the Nigerian Exchange Limited (NGX) on Thursday relapsed from the previous day gains, as market capitalization shed N139.79billion to close at N36.86trillion.
The local equities, also, ended lower yesterday reversing some of the gains as the benchmark index lost 0.38 per cen to close at 67,098.80 points.
Demand in GTCO (+0.71%) was not sufficient to offset selloffs in index heavyweights, MTNN (-0.20%) alongside NESTLE (-0.49%) and ZENITHBANK (-0.75%) putting the market in the red.
Accordingly, the market is on track for another week of loss. Consequently, the year-to-date (YTD) return fell to 30.92 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 4.60 per cent.
A total of 298.69m shares valued at ₦4.48bn were exchanged in 5,453 deals. UBA (+0.00%) led the volume and value charts with 56.29m units traded in deals worth ₦1.05bn.
Market breadth closed negative at a 2.00-to-1 ratio with declining issues outnumbering advancing ones. STANBIC (-8.49%) topped nineteen (19) others on the laggard’s table, while LEARNAFRICA (+10.00%) led nine (9) others on the leader’s table.
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