NGX closes negative, down by 0.18%

By Seun Ibiyemi

The Nigerian Stock market recorded its first weekly loss in the year, as the All-Share index declined by 0.18 per cent in the week ended 11th February 2022 to close at 47,202.3 points.

This is according to information contained in the weekly stock market report, released by the Nigerian Exchange Group.

Specifically, the market capitalisation shed N45 billion or 0.18 per cent to close at N25.435 trillion from N25.480 trillion recorded on Thursday.

Also, the NGX All-Share Index depreciated by 84.04 points or 0.18 per cent to close at 47,202.30 from 47,286.34 on Thursday.

Pharm Deko led the losers’ chart in percentage terms, shedding 8.84 per cent to close at N1.65 per share.

NEM Insurance trailed with 6.48 per cent to close at N3.32, while Champion Breweries was down by 5.80 per cent to close at N2.11 per share.

Cutix lost 4.94 per cent to close at N2.31, while International Breweries dipped 4.59 per cent to close at N5.20 per share.

On the other hand, Guinness led the gainers’ table in percentage terms by 10 per cent to close at N60.50 per share.

NCR was also up by 10 per cent to close at N3.30, while SCOA added 9.88 per cent to close at N1.78 per share.

RTBriscoe rose by 8.33 per cent to close at 39k, while Lasaco Assurance improved by 5.66 per cent to close at N1.12 per share.

A breakdown of the activity chart shows that Access Bank was the toast of investors with an exchange of 30.81 million shares valued at N322.44 million.

Sovereign Trust Insurance trailed with 30.75 million shares worth N7.08 million, while NGX Group traded 28.65 million shares valued at N773.22 million.

Fidelity Bank traded 23.79 million shares worth N69.78 million, while Chams traded 22.18 million shares valued at N4.89 million.

In all, investors traded 311.50 million shares valued at N4.39 billion in 4,916 deals.

This was against a total of 198.12 million shares worth N3.41 billion traded in 4,294 deals on Thursday.