NGX index down by 0.10%, as Champion breweries,Ikeja hotel,International breweries led losers


By Philemon Adedeji

Trading on the Nigerian exchange limited (NGX), closed on a negative note on Thursday as investors lost 0.10 per cent after two-day consecutive trading at the nation’s equities market, as Champion breweries, Ikeja hotel, International breweries, led the losers, the losses that occurred was due to depreciation recorded in medium and large capitalised stocks.

The All-Share Index (ASI) declined further by 51.24 absolute points, representing a drop of 0.10 per cent to close trade at 51,339.01 index points from 51,390.25 index points it close trade on Wednesday.

Certainly, the market capitalisation value dropped to N28 billion to close trade at N27.685 trillion

However, volume of trade depreciated by 41.9 per cent to 125.410 million units, valued by N1.205 billion and exchanged in 3,731 deals.

On the gainers table, Academy press was recorded as the highest price gainer which appreciated by 8.70 per cent to close trade at N2.25 per share, Regalins followed with 8 per cent appreciation increased to close trade at N0.27  per share, as Computer Warehouse group went up by 0.07 kobo representing 7.95 per cent to close trade at N0.95 per share and cutix which recorded as the last fourth gainer grew by 7.27 per cent or 0.16 per cent to close trade at N2.36 per share and Nigerian aviation handling company rose by 0.40 kobo to close trade at N8.40 per share.

On the losers table,Champion breweries recorded as the highest loser which dipped by 8.74 per cent or 0.34 kobo to close trade at N3.55 per share, ad Ikeja hotel which followed dropped by 7.69 per cent or 0.10 kobo to close at N1.20 per share and International breweries which recorded as the last third loser depreciated by 0.30 kobo or 5.17 per cent to close trade at N5.50 per share.

Multiverse mining and exploration declined by 4.76 per cent or 0.09 kobo to close trade at N1.80 per share and UPDcreit which recorded as the last fifth decliner dipped by 0.15 kobo to close trade at N3.45 per share.

Transaction in the share of Transcorp topped the activity chart with 12.181 million shares worth N15.117 million, followed by International breweries which transacted 7.647 million shares valued at N42.768 million, while First bank holding of Nigeria traded 7.408 million shares valued at N78.782 million.

Zenith bank sold 6.589 million shares worth N148.274 million share and Sterling bank sold 6.445 million shares valued at N9.981 million.

Yesterday transaction revealed that Transcorp was the highest in volume chart, while Zenith bank was recorded as the highest in terms of value.