NGX: Bearish Sentiment Persists, Indices Down 0.69%
Transactions on the trading floor of the Nigerian Exchange Ltd., (NGX) remained bearish on Tuesday, with market capitalisation losing N186 billion or 0.69 per cent to close at N26.778 trillion against N26.964 trillion recorded on Monday. Also, the All-Share Index dropped by 346.49 points or 0.69 per cent to close at 49,644.92 compared with 49,991.41 posted on Monday. The market recorded an overall Year-to-Date(YTD) gain of 16.22 per cent. Market breadth closed positive with 11 stocks gaining, while 18 stocks declined. Unilever led the gainers’ table during the day, gaining by 9.43 per cent to close at N13.35 per share. Cap followed with a gain of 7.58 per cent to close at N17.75, while Chams grew by 7.14 per cent to close at 30k per share. Sterling Bank appreciated by 5.48 per cent to close at N1.54 and Sovereign Insurance rose by 3.7 per cent to close at 28k per share. On the other hand, NPF Microfinance Bank topped the losers’ chart, depreciating by 7.83 per cent to close at N1.53 per share.
NGX: Bearish Sentiment Persists, Indices Down 0.69%
Transactions on the trading floor of the Nigerian Exchange Ltd., (NGX) remained bearish on Tuesday, with market capitalisation losing N186 billion or 0.69 per cent to close at N26.778 trillion against N26.964 trillion recorded on Monday. Also, the All-Share Index dropped by 346.49 points or 0.69 per cent to close at 49,644.92 compared with 49,991.41 posted on Monday. The market recorded an overall Year-to-Date(YTD) gain of 16.22 per cent. Market breadth closed positive with 11 stocks gaining, while 18 stocks declined. Unilever led the gainers’ table during the day, gaining by 9.43 per cent to close at N13.35 per share. Cap followed with a gain of 7.58 per cent to close at N17.75, while Chams grew by 7.14 per cent to close at 30k per share. Sterling Bank appreciated by 5.48 per cent to close at N1.54 and Sovereign Insurance rose by 3.7 per cent to close at 28k per share. On the other hand, NPF Microfinance Bank topped the losers’ chart, depreciating by 7.83 per cent to close at N1.53 per share.