Yesterday’s bearish close for equity trading at the Nigerian Exchange (NGX) Limited resulted in a decrease of N61 billion in value.
This is because investors have little interest in 13 other stocks and Nigerian Breweries.
The All Share Index (ASI) dropped by 113.48 absolute points, or 0.24%, to 47,322.97 points at the close.
In a similar vein, the market capitalization decreased by N61 billion to N25.776 trillion at the close.
Losses in medium- and large-capitalized stocks, among others, contributed to the downturn: Stanbic IBTC Holdings, Ecobank Transnational Incorporated (ETI), Union Bank of Nigeria (UBN), and Zenith Bank are among the contributors.
The market breadth was slightly negative at the close, with 13 winners and 14 losers.The highest price gain was 9.09 percent for Chams, which closed at 24 kobo per share.After that, Wapic Insurance saw a gain of 6.06 percent to close at 35 kobo, and NPF Microfinance Bank saw a gain of 5.33 percent to close at N1.58 per share.
FCMB Group gained 3.08 percent to close at N3.35, per share, while Jaiz Bank gained 3.66 percent to close at 85 kobo.
