Nigeria Exchange (NGX) On Thursday, the market capitalization of the Nigerian Exchange Ltd. (NGX), which opened with N25.959 trillion, lost N2 billion, or 0.01%, to close at N25.957 trillion. This resulted in a slight decline in the key performance indicators of the NGX.
Additionally, the All-Share Index (ASI) ended the day at 47,656.64 points, down 3.4 points, or 0.01%, from its previous close of 47,660.04.
As a result, the year-to-date return (YTD) was 11.57 percent.
The market’s performance declined as a result of selloffs in MTN Nigeria Stock.
Market breadth, on the other hand, indicated that market sentiment was positive, as 11 stocks outperformed nine losers.
The highest price gain was 9.09 percent for UPDC Real Estate Investment Trust, which closed at N3 per share.
Following McNichols, Japaul Gold and Ventures gained 7.41% to close at 29k per share, while McNichols gained 8.93% to close at 61k.
Nigerian Bottling works went up by 7.14 percent to close at 45k per share.
Additionally, Royal Exchange Assurance gained 4.76% to finish at 66k per share.
Honeywell Flour Mill, on the other hand, lost 7.89% to close at N2.10, followed by RT Briscoe, which lost 7.41% to close at 25k, and Wema Bank, which lost 5.45% to close at N3.12 per share.
Cutix Plc lost 3.46 percent to close at N2.5 per share, and FCMB Group lost 4.18 percent to close at N3.21.
The value of transactions increased by 115.63 percent in comparison to the previous session, according to an analysis of market activities.
In 3,073 transactions, 172.90 million shares worth N2.84 billion were exchanged.
NAN