Transactions on the Nigerian Bourse Wednesday closed in the negative region to extend the previous day’s bearish sentiment, as NGX-ASI shed 0.92 percent.
The price depreciation was sustained by sell-off in four major market sectors, led by the banking sector.
Accordingly, the market breadth closed negatively, recording 22 losers and 16 gainers.
The All-Share Index declined by 367.97 absolute points, representing a dip of 0.92 percent to close at 39,433.81 points. While the overall Market Capitalization value lost N192.67 billion, representing a decrease of 0.93% to close at N20.64 trillion.
The discrepancy between the ASI and Market Capitalization was a result of price adjustment of MTNN and SEPLAT shares.
LASACO emerged as the top gainer by percentage points with a maximum price appreciation of 9.62%, while STANBIC emerged as the top loser (by percentage points) with a maximum price depreciation of -10.00%.
Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst STANBIC (-10.00%), UNILEVER (-8.21%), COURTEVILLE (-8.00%), INTBREW (-7.02%), VERITASKAP (-4.76%), AIICO (-3.91%), PZ (-3.77%), GUARANTY (-3.65%), NPFMCRFBK (-3.50%), and ZENITHBANK (-3.180%).
Others include UAC-PROP (-2.56%), FTNCOCOA (-2.50%), GLAXOSMITH (-2.34%), JBERGER (-2.33%), OANDO (-1.96%), UCAP (-1.72%), JAPAULGOLD (-1.69%), WEMABANK (-1.64%), NEM (-1.48%), FBNH (-1.35%), and FIDELITYBK (-0.44%).
About The Author
0
0
