Thursday, September 29, 2022

NGX closes downward as investors lose N83 billion

The negative performance was driven by price depreciation in large and medium capitalised stocks.

• May 16, 2022
Nigerian Exchange
Nigerian Exchange [Photo Creadit: Business Live Nigeria]

The Nigerian Exchange Ltd. closed on a bearish note on Monday, causing market capitalisation to dip by N83 billion, to close at N28.542 trillion from N28.625 trillion recorded on the last trading day.

The All-Share Index (ASI) also declined to stand at 52,944.09 points or 0.29 per cent, compared to the 53,098.46 points recorded on Friday.

The market’s negative performance was driven by price depreciation in large and medium capitalised stocks, as 27 stocks declined relative to 20 gainers.

McNichols recorded the highest price gain of 9.70 per cent to close at N1.47 per share.

NNFM followed with a gain of 9.35 per cent to close at N10.90 per share, while Transcorp rose by 8.53 per cent to close at N1.40 per share.

WAPIC rose by 7.14 per cent to close at 45k while CHIPlc gained 7.02 per cent to close at 61k per share.

On the other hand, Champion led the losers’ chart by 9.84 per cent  to close at  N3.94 per share.

Glaxosmith and International Breweries depreciated by 9.49 per cent  and 9.09 per cent each to close at N7.15 and N8 per share, respectively.

Neimeth followed with a decline of 8.33per cent to close at N1.76 per share while WAPIC lost 8.28 per cent to close at N28.80 per share.

The total volume of stocks  traded was 374.18 million units, valued N4.96 billion, and exchanged in 6,854 deals.

Transactions in the shares of Transcorp topped the volume chart with 88.59 million shares valued at N118.99 million.

Jaiz Bank followed with 87.42 million shares worth N77.86 million, while ACCESSCORP traded 28.74 million shares valued at N278.56 million.

International Breweries traded 16.21 million shares valued at N130.24 million, while Ikeja Hotel transacted 11.38 million shares valued at N12.63 million.


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


Sanwo-Olu bans MC Oluomo’s rival transport union RTEAN in Lagos 

He added that suspension became necessary to prevent further acts of violence within the state.

SP Benjamin Hundeyin

Hot news Home top

Police arrest 22 suspects over Lagos motor park violence

The crisis erupted over control of the new park created under the Bridge at Iyana-Oba, Ojo area.


Iranian government arrests journalist, cracks down on protesters

Security forces used live ammunition, shotgun pellets and other metal projectiles, Amnesty said.


Kanu Heart Foundation conducts free heart screening in Enugu

Kanu said that the foundation was using the day to create awareness on the prevention and treatment of heart-related problems.


Civil Defence confiscates 21,600 litres of stolen petrol in Badagry

“The products were kept in barges…with the motive to reload them all into a boat and proceed on their journey to the Republic of Benin.”



Pilgrimage absconder arrested upon return to Nigeria

Mr Ezekiel was among the six pilgrims who absconded in Israel during the 2019 Easter Pilgrimage.