NGX: Equity Investors Lose N6 Billion as Bears Resurface
Negative sentiment resurfaced at the Nigerian Exchange Limited (NGX) on Tuesday as the benchmark lost two basis points.
Specifically, amid mixed performance, the All-Share Index closed at 52,308.88 basis points from its previous close of 52,319.94 basis points.
The bearish trade drove both the monthly and yearly performance of the All-Share Index to 0.95% and 22.46% from their previous close of 0.97% and 22.48% respectively .< /p>
Investors thus lost six billion naira on their equity investment as the market capitalization followed the ASI's direction to stand at 28.208 trillion naira, down 0.02% from to the N28.214 trillion it held at the end of the previous trading session.
The extent of the market was parallel 16 counters were both depicted on the charts of winners and losers.
On the performance chart, RTBriscoe gained 10.00% to become the best performing stock of the session, flanked by GlaxoSmithKline, Cornerstone Insurance, Courtville and FTN Cocoa. At the back of the leaderboard, Multiverse, Japaul Gold, Academy Press, Caverton, and UPDC filled the top five loser leaderboards.
ALSO READ IN THE NIGERIAN TRIBUNE
Major sector indices closed in a mixed direction, with NGX Insurance gaining the most weight, while NGX Banking lost the most weight, while the NGX Growth and NGX ASEM sectors closed flat.
>Market activity, as measured by trading volume, improved, however, with daily trading volume standing at 205.641 million units, up 76.85% from a volume of 116.281 million units traded in the previous session.
However, the value of these traded stocks decreased by 19.57% during the session to 2.787 billion, compared to a value of 3.465 billion recorded in the previous trading session.
United Bank for Africa (UBA) maintained its previous dominance of the volume charts as the top volume traded stock for the trading session, followed by Access Holding Corporation, AIICO Insurance, FBN Holdings and Guaranty Trust Holding Company ( GTCO) to complete the list of the five most traded stocks by volume.
In terms of value of shares traded, MTN Nigeria took the lead in the top five performers. It is flanked by UBA, Seplat, GTCO and Access Corporation.
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NGX: Equity Investors Lose N6 Billion as Bears Resurface
FRSC requires you to have a razor blade in your vehicle. Here's why
NGX: Equity Investors Lose N6 Billion as Bears Resurface
Negative sentiment resurfaced at the Nigerian Exchange Limited (NGX) on Tuesday as the benchmark lost two basis points.
Specifically, amid mixed performance, the All-Share Index closed at 52,308.88 basis points from its previous close of 52,319.94 basis points.
The bearish trade drove both the monthly and yearly performance of the All-Share Index to 0.95% and 22.46% from their previous close of 0.97% and 22.48% respectively .< /p>
Investors thus lost six billion naira on their equity investment as the market capitalization followed the ASI's direction to stand at 28.208 trillion naira, down 0.02% from to the N28.214 trillion it held at the end of the previous trading session.
The extent of the market was parallel 16 counters were both depicted on the charts of winners and losers.
On the performance chart, RTBriscoe gained 10.00% to become the best performing stock of the session, flanked by GlaxoSmithKline, Cornerstone Insurance, Courtville and FTN Cocoa. At the back of the leaderboard, Multiverse, Japaul Gold, Academy Press, Caverton, and UPDC filled the top five loser leaderboards.
ALSO READ IN THE NIGERIAN TRIBUNE
Major sector indices closed in a mixed direction, with NGX Insurance gaining the most weight, while NGX Banking lost the most weight, while the NGX Growth and NGX ASEM sectors closed flat.
>Market activity, as measured by trading volume, improved, however, with daily trading volume standing at 205.641 million units, up 76.85% from a volume of 116.281 million units traded in the previous session.
However, the value of these traded stocks decreased by 19.57% during the session to 2.787 billion, compared to a value of 3.465 billion recorded in the previous trading session.
United Bank for Africa (UBA) maintained its previous dominance of the volume charts as the top volume traded stock for the trading session, followed by Access Holding Corporation, AIICO Insurance, FBN Holdings and Guaranty Trust Holding Company ( GTCO) to complete the list of the five most traded stocks by volume.
In terms of value of shares traded, MTN Nigeria took the lead in the top five performers. It is flanked by UBA, Seplat, GTCO and Access Corporation.
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NGX: Equity Investors Lose N6 Billion as Bears Resurface
FRSC requires you to have a razor blade in your vehicle. Here's why
NGX: Equity Investors Lose N6 Billion as Bears Resurface
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