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)
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
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.”
Sport
Mbappe leads PSG’s 4-1 victory over relegation-haunted Lorient
Lorient keeper Yvon Mvogo had to get down well to palm away Mbappe’s curling 17th-minute effort.
NationWide
Runway Overshoot: Dana plans refunds for customers after FG orders suspension of operations
The airline said it was processing refunds for affected flights over the next one month.
Education
Argentines protest budget cuts to public universities
The protestors are being joined by professors and students with their union leaders.
Sport
EPL: Everton hand Liverpool major upset in title race; Bruno Fernandes’ brace helps Man United return to winning ways
If City win the two games, they will go top of the table.
Heading 3
FRSC collaborates with judiciary for speedy trial of drivers involved in road crashes
“All drivers and vehicle owners who caused crashes on the roads would definitely face the wrath of the law.”