NGX maintains bearish trend, indices drop by 0.24%
Transactions on the Nigerian Exchange Ltd. (NGX) on Tuesday remained bearish with crucial indicators declining by 0.24 per cent.
The market capitalisation shed N62 billion to close at N25.775 trillion, compared with N25.837 trillion on Monday.
Similarly, the All-Share Index, which opened at 47,436.45 lost 113.48 points or 0.24 per cent to close at 47,322.97.
The market breadth closed flat with 12 stocks on the gainers’ and losers’ tables.
A breakdown of the price movement table showed that Chams Plc topped the gainers’ table with an increase of 9.09 per cent to close at 24k per share.
WAPIC trailed with a gain of 6.06 per cent to close at 35k, while NPF Microfinance Bank rose by 5.33 per cent to close at N1.58 per share.
Jaiz Bank was up by 3.66 per cent to close at 85k, while First City Monument Bank gained by 3.08 per cent to close at N3.55 per share.
Conversely, Neimeth International Phama led the losers’ table, growing by 7.97 per cent to close at N1.27 per share.
Nigerian Breweries followed with a loss of 7.66 per cent to close at N45.20, while Caverton Offshore Support Group went down by 5.68 per cent to close at 83k per share.
Ecobank Transnational Incorporated (ETI) decreased by 5.16 per cent to close at N10.10, while Union bank of Nigeria declined by 4.58 per cent to close at N6.25 per share.
In all, investors bought and sold 129.95 million shares valued at N1.63 billion achieved in 3,022 deals.
(NAN)
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