NGX reports decline of equities market to 0.15 per cent

By Philemon Adedeji

As the week opened yesterday, transaction on the  Nigerian exchange limited (NGX) revealed decline of equities market which closed significantly on negative note amidst sell-offs and buy-interests as the benchmark All Shares Index (ASI) depreciated by 70.37 basis points.

Basically, NGX ASI recorded declination of 70.37 absolute points representing 0.15 per cent to close at 46,893.86 index points from 46,964.23 index points it closed for the previous trading.

From the data presented by NGX ,the overall market capitalisation which recorded reveals lost of 37 billion from 25.311 trillion it closed the week on Friday to 25.273 trillion it closed trading yesterday.

The market breadth was negative as 18 stocks lost equals 18 stocks appreciated in price.

Since the beginning of this year stock market has advanced 4,450.31 base points.

On the price movement chart, BETAGLAS was recorded as the best gainer, which gained 9.92 per cent or 5.25 kobo increased to close at N58.20 per share, PZ CUSSION followed as the second best gainer which appreciated by 0.90 kobo representing 9.68 per cent increased to close at N10.20 per share, While LIVESTOCK rose by 9.03 per cent or 0.14 kobo increased to close at N1.16 per share, LINKASSURE grew by 0.04 kobo to represent 8.00 per cent increased to close at N0.54 per share and JAIZBANK also grew by 0.04 kobo representing 6.06 per cent increased to close at N0.70 per share.

On the losers table, LEARNAFRICA PLC emerged as the most loser which depreciated by 0.21 kobo representing 9.68 per cent to close at N1.96 per share. UNITY BANK Followed 8.16 per cent or 0.04 kobo to close at N0.45 per share, CAVERTON recorded as the third best loser dipped by 7.09 per cent or 0.09 kobo to close at N1. 18 per share, FIRST CITY MONUMENT BANK down by 6.89 per cent or 0.23 kobo to close at N3.11 per share and TRANSCORP PLC depreciated by 6.54 per cent or 0.07 kobo to close at N1.00 per share.

On the activity chart, TRANSCORP PLC emerged as the highest price gainer as the week opened yesterday which transacted 92.001 million shares valued at 92.757 million. Followed by STERLING BANK which traded 50.739 million shares worth 76.618 million. While, FIDELITY BANK transacted 46.677 million shares valued at 153.611 million. LINKASSURANCE traded 30.514 million shares worth 15.274 million and lastly, ACCESSCORP traded 15.458 million shares valued at 15.640 million s