Capitalisation Deepens by N15 Billion Despite Selloff in Geregu, Others

Date:

The Nigerian Exchange Limited (NGX) reversed gains at the close of yesterday’s transactions, led by sell pressure in Geregu and 23 stocks, causing market capitalisation to depreciate by N15 billion.

The all-share index (ASI) lost 27.06 points, which is a decline of about 0.04 per cent to close at 65,309.65 points. Also, market capitalisation went down by N15 billion to close at N35.54 trillion.

The decline was as a result of price depreciation in large and medium capitalised stocks amongst which are; Geregu Power, Northern Nigeria Flour Mills (NNFM), Eterna, Dangote Sugar Refinery and Cadbury Nigeria.

As measured by market breadth, market sentiment was positive, as 29 stocks gained relative to 24 losers.

Guinness Nigeria Plc led the gainers chart with 10 per cent to close at N60.50 kobo, GlaxoSmithKline followed with 9.74 per cent to close at N10.70 kobo, Chellaram added 9.73 per cent to close N3.72 kobo, Universal insurance added 9.09 per cent to close at 24 kobo.

Guinea insurance appreciated by 7.14 per cent to close at 30 kobo. UACN increased by 6.28 per cent to close at N11. Cornerstone Insurance added 4.44 per cent to close at 94 kobo. Jaiz Bank increased by 4.4 per cent to close at N1.90 kobo. Prestige Assurance garnered 4.26 per cent to close at 49 kobo. Chams also rose by four per cent to close at N1.04 kobo.

On the contrary, NSLTech topped the losers chart by 10 per cent to close at 27 kobo, Northern Nigeria Flour Mills trailed behind with a 9.89 per cent drop to close at N12.30 kobo, JohnHolt is next with a 9.52 per cent drop to close at N1.33 kobo. Tantalizer went down by 8.33 per cent to close at 33 kobo, and Mutual Benefits also by 7.69 per cent to close at 48 kobo, while Geregu shed 6.38 per cent to close at N323 kobo.

The total volume traded declined by 4.97 per cent to 317.808 million units, valued at N4.472 billion, and exchanged in 6,376 deals.

 

 

 

 

 

 

 

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

FCCPC ORDERS MONITORING OF MARKET PRICES AMID NAIRA APPRECIATION

The Federal Competition and Consumer Protection Commission (FCCPC) has...

NEW AKWA IBOM POLICE PUBLIC RELATIONS OFFICER ASSUMES DUTY

The newly appointed Police Public Relations Officer (PPRO) for...

UEFA Champions League: Mbappe Stars As PSG Beat 10-man Barcelona

Luis Enrique returned to Barcelona to knock his former...

Tennis: Nadal Makes Triumphant Return At Barcelona Open

Rafael Nadal enjoyed a winning start at the Barcelona...