Saturday, July 11, 2026

Market indices fall by 0.21% amid sustained sell pressure

Market breadth closed negative with 18 stocks on the laggards’s table, while 14 stocks gained.

• November 1, 2022
Nigeria Exchange (NGX)
Nigeria Exchange (NGX)

Trading activities on the Nigerian Exchange Ltd. (NGX) continued to decline as all indices fell by 0.21 per cent amid sustained sell pressure on some large and medium stocks.

Specifically, the market capitalisation shed N50 billion or 0.21 per cent, to close at N23.827 trillion as against N23,877 trillion recorded on Monday.

Also, the All Share Index (ASI) declined by 93.35 basis points or 0.21 per cent, to close at 43,745.73 from N43,839.08 posted at the previous session.

Consequently, the year-to-date (YTD) return dipped to 2.41 per cent.

Market breadth closed negative with 18 stocks on the laggards’s table, while 14 stocks gained.

NAHCO led the losers’ chart in percentage terms by 9.35 per cent to close at N6.20 per share.

Regency Alliance insurance followed with 4.35 per cent to close at 24k, while UPDC shed 4.21 per cent to close at 99k per share.

AIICO lost 3.64 per cent to close at 57k while LASACO shed 3.57 per cent to close at 87k per share.

Conversely, Julius Berger dominated the gainers’ chart in percentage terms with 9.46 per cent to close at N23.45 per share.

Seplat followed with 8.33 per cent to close at N1,100, while Chams rose by eight per cent to close at 23k per share.

Linkage Assurance garnered 7.69 per cent to close at 36k, while UACN  appreciated by 6.15 per cent to close at N8.40 per share.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 15.68 per cent.

A total of 172.87 million shares valued at N4.01 billion were exchanged in 4,110 deals.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Hajja Konto

Politics

2027: Labour Party unveils Hajja Konto as vice-presidential candidate

Mr Asogwa said her nomination underscored the party’s commitment to gender inclusion, national unity and competent leadership.

Gov Yusuf visits Shettima

Heading 3

Gov Yusuf visits Shettima, congratulates him on emergence as Tinubu’s running mate

Mr Yusuf described Mr Shettima’s emergence as recognition of his commitment and service to the nation.

Rainfall

States

Islamic cleric urges Borno residents to seek Allah’s forgiveness over erratic rainfall

The cleric expressed optimism that through sincere repentance and prayers, Allah would shower the state with abundant rainfall and blessings.

President Bola Tinubu and Kashim Shettima

NationWide

Tinubu choosing Shettima as 2027 running mate gives APC full control of north, lawmaker says

The senator expressed confidence that northern voters would overwhelmingly support the Tinubu-Shettima ticket.

Febrie Adriansyah

Anti-Corruption

Indonesia’s top anti-corruption prosecutor resigns after police found gold, $20 million cash in his home

Mr Adriansyah, 58, who was appointed special crimes prosecutor four years ago, has denied any wrongdoing.

Police Officer

States

Police nab 22-year-old Abia man for alleged robbery

The police spokesperson added that the suspect’s act instilled fear in his victims and dispossessed them of their belongings.