Stock market declines marginally by 0.02%
The market capitalisation of the Nigerian Exchange Ltd. (NGX) on Tuesday dropped marginally by N5 billion or 0.02 per cent to close at N23.861 trillion from N23.866 trillion on Monday.
Similarly, the All-Share Index (ASI) dipped by 9.86 points or 0.02 per cent, to close at 43,808.25 as against 43,818.12 recorded on Monday.
Sell-offs in large and small stocks, particularly WAPCO, drove the negative performance of the market.
Consequently, the year-to-date (YTD) return fell to 2.56 per cent.
Analysis of today’s market activities showed trade turnover settled lower with the value of transactions down by 53.20 per cent.
A total of 103.47 million shares valued at N1.19 billion were exchanged in 3,045 deals.
However, market breadth closed positive with 12 stocks on the gainers’ table, while 19 others were on the laggard’s log.
Computer Warehouse Group and Learn Africa Press topped the day’s gainers’ table with 10 per cent each to close at 88k N1.65 per share, respectively.
Caverton Offshore Support Group followed with a gain of 8.75 per cent to close at 39k, while Prestige Insurance grew by 8.33 per cent to close at 29k per share.
Also, JapaulGold and Venture appreciated by 7.41 cent to close N1.25, per share.
On the flip side, WAPCO led the losers with a drop of 9.66 per cent to close at N20.10 per share while Royal Exchange shed 9.41 per cent to close at 77k per share.
Conerstone Insurance shed 9.09 per cent to close at 44k kobo per share.
UPDC Real Estate Investment Trust dropped by 8.93 per cent to close at N2.55, while FTNCocoa Processors fell by 8.82 per cent to close at 31k, per share.
(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.”
Politics
Police arrest eight for attempting to disrupt inauguration of Kano commissioners
“Enough of clusters of ‘Yan Jagaliya’ loitering around Government House, Audu Bako Secretariat and similar offices trying to disrupt governance,” said the police chief.
Showbiz
Enugu government, families to give Mr Ibu, Jnr Pope ‘befitting’ burial
The commissioner for information and communication, Aka Eze Aka, disclosed this in an interview on Friday in Enugu.
Politics
Zamfara governor appoints new Community Protection Guards commandant
The former commandant’s suspension may be related to his recent radio interview, in which he accused the state government of not paying CPG staff salaries.
Uncategorized
Police foil attack in Katsina, kill suspected bandit
The police spokesman, Abubakar Aliyu, told journalists in Katsina about the attack on Thursday.
Lagos
Lagos underaged children locked up, subjected to inhuman treatment rescued; grandmother arrested
“The Three children are looking malnourished and unhealthy. The suspect was arrested,” the police said.
Politics
APC Primary: Governor Aiyedatiwa rounds off LGA tours
The 16 aspirants, including Mr Aiyedatiwa, are vying for the APC governorship ticket on April 20.s