NGX: Bears persist as investors lose N35 billion on Thursday
The equities market continued its bearish run on Thursday, shedding N35 billion investors’ money.
All Share Index (ASI) further dropped by 0.14 per cent to stand at 47, 296.07 points, following the release of financial year results by some companies on the Nigerian Exchange Ltd. (NGX).
The downward movement made the month-to-date and year-to-date performance of the All-Share Index to stand at -0.21 per cent and 10.72 per cent respectively.
It also saw a decrease in the market capitalisation to N25.49 trillion with 0.14 per cent, from the N25.525 trillion recorded on Wednesday, causing investors to shed N35 billion from their investment.
On the price movement chart, 34 stocks recorded price depreciation while 12 others constituted the gainers’ chart.
R.T Briscoe and CAP topped the losers’ chart, dropping by 10 per cent each to 63k and N17.55 respectively.
NGX Group trailed with a drop of 9.96 per cent to close at N20.8 while RedStar Express followed with a loss of 9.78 per cent to close at 36k.
ABC Transport led the gainers’ chart, adding 9.4 per cent to close at 35k. LASACO followed with a gain of 7.6 per cent to close at N1.13.
Jaiz Bank garnered 5.7 per cent to close at seven kobo.
Africa Prudential and Linkage Assurance appreciated by 3.9 per cent each to close at N6.75k and 54 kobo respectively .
In the volume charts, Transcorp was the most traded stock, followed by MTNN, NGX Group, First Bank of Nigeria Holdings (FBNH), and UPDC.
In terms of value of traded stocks, SEPLAT took the first with NGXGROUP as the second, then followed by Zenith Bank, FBNH, and SEPLAT.
Investors traded 243,43 million shares valued at N7.875 billion in 7,056 deals.
(NAN)
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