NGX reports declination of market capitalisation to N30bn


By Philemon Adedeji

The Nigerian equities market on the Nigerian exchange limited (NGX) closed yesterday still on negative note amidst sell-offs and buy-interests as the benchmark All share Index (ASI) is depreciated by 64.73 basis points.

The NGX ASI declined by 0.14 per cent to 47,296.07 basist points from 47,47360.79 basis points on the previous day.

Investors lost  N30 billion in the last trading as the market capitalisation stood at N25.490 trillion to represent decrease of 0.14 per cent from the N25.52 trillion recorded on Wednesday trading session.

Market sentiments as measured by breadth still closed negative as 12 stocks advanced against 22 stocks that declined.

On the activity chart, the total trade volume dipped by 13 per cent to 243,436,768 millions unit, share valued at N6.875 and exchange in 7,056 deals.

The stock market has advanced 4444.18 base points since the beginning of this year.

On the gainers chart, ABCTRANS recorded as the highest gainer 9.38 per cent or 0.03 increase to close at N0.35 per share, LASACO added with 7.62 per cent or 0.08kobo increase to close at N 1.13 per share, JAIZBANK recorded gain of 0.04kobo representing 5.71 per cent increase to close at N0.74 per share, AFRIPRUD rose by 3.85 per cent or 0.25kobo increase to close at N6.75 per share and lastly LINKASSURE recorded gain of 0.02kobo to represent 3.85 per cent increase to close at N0.54 per share.

On the losers chart, RTBRISCOE dipped by 10 per cent or 0.07 kobo to close at N0. 63 per share, CAPITAL  went down by 10 per cent or 1.95 kobo to close at N17.55 per share, NGXGROUP follows with drop of 2.30kobo representing 9.90 per cent to close at N20.80 per share while REDSTAREX declined by 9.78 per cent or 0. 36kobo to close at N 3.32 and ROYALEX dropped by 9.70 per cent or 0.16kobo to close at N1.49 per share.