NGX index dips by 0.69%, as NPF Microfinance Bank leads the losers
By Philemon Adedeji
At the Nigerian Exchange Limited (NGX), the equities market closed on negative performance as the key market indicator dipped further by 346.49 absolute points amid increased sell pressure.
The NGX All-Share Index dipped by 0.69 per cent to close at 49,644.92 basis points as against 0.11 per loss recorded to close at 49,991.41 basis points at the end of the previous trading session.
Similarly, the market capitalisation value lost N186.89 billion.The total volume traded declined by 30.82 per cent to close at 138.99 million share, valued at N2.73 billion and exchanged in 4,247 deals deals.
STERLN BANK was the most traded stock by volume with 18.30 million units traded while MTNN was the most traded stock by value which is put at N656.89 million units
Sectoral performance was broadly negative as two NGX sector index closed northward, 12 closed southward while four closed flat. The NGX Consumer Goods Index inched up by 0.16 per cent to top the gainers chart while the NGX AFRBVI Index dipped by 1.43 per cent to top the losers’ chart.
At the close of trading, market recorded 11 gainers led by UNILEVER versus 18 losers led by NPF microfinance bank
Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.098x.
MTN Nigeria hereby notifies of its proposed issuance of up to N23bn Series 3 Commercial Paper notes under its N150bn Commercial Paper Issuance Programme (the ‘Issuance’).
The Issuance is part of the Company’s strategy to diversify its financing options, with the funds deployed towards working capital and general corporate purposes.
Further details on the Issuance as well as subsequent issuances will be communicated to the market as the transactions occur.
Unilever led the gainers with 9.43 per cent to close at N13.35 per share, followed by Cap which gained 7.58 per cent to close at N17.75 per share while Chams which recorded as the third best gainer went up by 7.14 per cent to close at N0.30 per share.
Sterling bank grew by 5.48 per cent to close at N1.54 per share and Sovereign Insurance rose by 0.01 kobo or 3.70 per cent to close at N0.28 per share.On the other hand NPF microfinance bank recorded as the highest loser with 7.83 per cent dip to close at N1.53 per share, followed by Regalins which dropped by 7.69 per cent to close at N0.24 per share while Livestocks went down by 5.60 per cent to close at N1.18 per share.
NGXGROUP diminished by 4.76 per cent to close at N20 per share and Zenith bank depreciated by 3.57 per cent to close at N20.25 per share.
Transaction in the share of Sterling bank topped the activities chart with 18.300 million share valued at 27.411 million, accompanied by Transcorp which traded 13.233 million share worth 14.031 million while Zenith bank transacted 12.496 million share valued at N257.861 million.
Guaranty Trust Holding Company accounted 9.203 million share valued at 18.307 million and United bank of Africa accounted 7.720 million share valued at 55.146 million.
Sterling Bank led the volume’s chart with 13.17 per cent contribution and closely followed by TRANSCORP and zenith bank.
