Investors lose N638.85bn, as NGX closes negatively

Investors lost N638.85 billion on Wednesday’s trading as the Nigerian stock market ended the day with a negative market breadth, closing lower by 1,167.46 points.

The NGX All-Share Index now at 9.70 percent declined by 1.40 percent, closing at 82,024.38 basis points, compared to the previous day’s gain of 3.57 percent, which closed at 83,191.84 basis points. The NGX Market CAP also recorded a loss of N638.85 billion in Naira terms.

The total volume traded advanced by 16.42 percent to close at N1.64bn, valued at N25.38 billion and traded in 20,223 deals. TRANSCORP  was the most traded stock by volume with N117.64 million, while GTCO was the most traded stock by value with N3.28 billion units traded.

The Gote Index advanced by 3.18 percent to close at 202.26, while the Toni index declined by 5.23 percent to close at 627.99 basis points.

TRANSCORP  had the highest volume contribution with 7.17 percent, while ACCESSCORP  and STERLINGNG followed closely.

According to the value chart, GTCO is at the top with a 12.93 percent contribution. ACCESSCORP  and ZENITHBANK followed closely behind.

At the close of trading, the market recorded 13 gainers, 60 losers, and 47 unchanged. CADBURY topped the gainers list, while CAVERTON topped the list of losers.

Thus, market breadth closed negatively as the Market Breadth Index (MBI) is 1.0x.