Investors lose N6.8bn, as NGX trading closes negatively on Wednesday

Investors on the Nigerian Exchange Limited lost N6.8bn as trading closely negatively on Wednesday.

The market failed to sustain the previous day’s gain of 67,217.77 points and N36.929 trillion respectively to 67,206.16 points and N36.923trillion.

At the close of trading on Wednesday, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market closed negatively by 11.61 basis points with a favourable market breadth.

The NGX All-Share Index (NGXASI) declined by 0.02 percent, closing at 67,206.16 basis points, compared to the previous day’s gain of 0.51 percent, which closed at 67,217.77 basis points. The NGX Market CAP also recorded a loss of N6.38brillionn in Naira terms.

The NGXASI currently stands at 31.13 percent as at the time of filing this report on Wednesday.

The total volume traded advanced by 3.05 percent to close at N329.66m, valued at N4.41brillion and traded in 5,998 deals. FIDELITYBK was the most traded stock by volume with N50.32million, while GTCO was the most traded stock by value with N733.79million units traded.

The Gote Index declined by 0.07 percent to close at 180.50, while the Toni index declined by 2.88 percent to close at 343.49 basis points.

At the close of trading, the market recorded 22 gainers, 18 losers, and 76 unchanged. MULTIVERSE topped the gainers list, while ETRANZACT topped the list of losers.

Thus, market breadth closed positively as the Market Breadth Index (MBI) is 0.05x.

FIDELITYBK had the highest volume contribution with 15.26 percent, while ACCESSCORP and CHAMS followed closely behind.

According to the value chart, GTCO is at the top with a 16.64 percent contribution. ACCESSCORP and ZENITHBANK follow closely behind.