NGX index down by 0.07%, as UACN, Vitafoam lead losers


By Philemon Adedeji

At the Nigerian Exchange Limited (NGX),  Equities market closed on negative posture as the key market indicator decreased by 35.93 basis points amid positive market performance.

The NGX All-Share Index decreased by 0.07 per cent to close at 49,540.48 basis points as against 0.11 per cent loss recorded previously to close at 49,575.93 basis points at the end of the last trading session. Absolutely, the market capitalisation value lost N28.33 billion to close at N26.721 trillion.

The total volume traded declined by 15 per cent to close at 167.607 million units worth N1.264 billion and exchanged in 3,458 deals.

Sovereign Insurance which emerged as the highest price gainer appreciated by 3.85 per cent to close at N0.27 per share, followed by Cadbury which went up by 2.69 per cent to close at N13.35 per share while Courtville Business Solution rose by 2.08 per cent to close at N0.49 per share.

Zenith Bank grew by 0.77 per cent to close at N19.65 per share, United Bank of Africa up by 0.68 per cent to close at N7.45 per share.

On the other hand, UACN led the losers chart with 6.82 per to close at N10.25 per share followed by Vitafoam and updcreit which dipped by 5.88 per cent each to close at N20 and N3.20 per share respectively.

UPDC down by 5 per cent to close at N0.95 per share and Consolidated Hallmark Insurance depreciated by 4.84 per cent to close at N0.59 per share.

Transaction in the share of Courtville Business Solution topped the activities chart with 38.811 million shares valued at N18.249 million, followed by Accesscorp which traded 28.471 million shares worth N249.362 million while Fidelity bank accounted 10.819 million shares worth N36.906 million.

Transcorp traded 10.684 million shares valued by N11.265 million and Consolidated Hallmark Insurance traded 9.221 million shares valued at N5.296 million.