Wednesday, October 5, 2022

NGX closes red, down by N45 billion

Pharm Deko led the losers’ chart in percentage terms, shedding 8.84 per cent to close at N1.65 per share.

• February 11, 2022
NGX
NGX building used to illustrate the story

Activities on the nation’s bourse closed negative on Friday with a loss of 0.18 per cent due to profit taking.

Specifically, the market capitalisation shed N45 billion or 0.18 per cent to close at N25.435 trillion from N25.480 trillion recorded on Thursday.

Also, the NGX All-Share Index depreciated by 84.04 points or 0.18 per cent to close at 47,202.30 from 47,286.34 on Thursday.

Pharm Deko led the losers’ chart in percentage terms, shedding 8.84 per cent to close at N1.65 per share.

NEM Insurance trailed with 6.48 per cent to close at N3.32, while Champion Breweries was down by 5.80 per cent to close at N2.11 per share.

Cutix lost 4.94 per cent to close at N2.31, while International Breweries dipped 4.59 per cent to close at N5.20 per share.

On the other hand, Guinness led the gainers’ table in percentage terms by 10 per cent to close at N60.50 per share.

NCR was also up by 10 per cent to close at N3.30, while SCOA added 9.88 per cent to close at N1.78 per share.

RTBriscoe rose by 8.33 per cent to close at 39k, while Lasaco Assurance improved by 5.66 per cent to close at N1.12 per share.

A breakdown of the activity chart shows that Access Bank was the toast of investors with an exchange of 30.81 million shares valued at N322.44 million.

Sovereign Trust Insurance trailed with 30.75 million shares worth N7.08 million, while NGX Group traded 28.65 million shares valued at N773.22 million.

Fidelity Bank traded 23.79 million shares worth N69.78 million, while Chams traded 22.18 million shares valued at N4.89 million.

In all, investors traded 311.50 million shares valued at N4.39 billion in 4,916 deals.

This was against a total of 198.12 million shares worth N3.41 billion traded in 4,294 deals on Thursday.

(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

Africa

WHO confirms 29 dead in 63 confirmed Ebola cases in Uganda 

WHO is working diligently in Uganda to support the government in responding to an Ebola outbreak in four districts.

Adetunji Adeleye

States

Amotekun impounds 80 ‘Okadas’ in Ondo for violating restriction order

The seizure came after the governor Rotimi Akeredolu-led state government ordered a ban on the movement of commercial motorcyclists at night.

Festus Keyamo and Bola Tinubu cycling

Heading 3

Tinubu loves cycling; he’s strongest presidential candidate: Festus Keyamo

“People who are close to him, they know that he’s an avid cyclist; he does that all the time. It’s his routine.”

TCN and Sule Abdulaziz

Heading 1

FG to add 817 megawatts to national grid: TCN

The project will add five transmission substations, 143 kilometers of 330 Kilo Volts (KVs) and 81 kilometers of 132 KV transmission lines to Abuja.

National Central Bureau and Vice President, Interpol Africa, Garba Umar and NDLEA Chairman, Buba Marwa

NationWide

NDLEA signs MoU with Interpol to share criminals data

Mr Marwa said drug business was international in scope.

Nigerian trading floor

Economy

Investors lose N227 billion after selloffs in Tier-1 banks stocks

The All-Share Index (ASI) also lost 43.04 points or 0.09 per cent to close at 48,836.70 compared with 48,879.74 posted on Tuesday.