NGX: Equities market loses N66bn


The equities market of the Nigerian Exchange Ltd. (NGX) depreciated by N66 billion on Wednesday, driven by gains recorded by 12 companies and 22 losers.

Specifically, the market capitalisation opened for trading at N28.208 trillion to close at N28.142 trillion, a decrease of N66 billion or 0.23 per cent.

Similarly, the NGX All-Share Index depreciated by 0.23 percent to settle at 52,186.52 basis points from 52,308.88 basis points it opened for trading.

The loss indicated a year-to-date (YTD) increased return of 22.18 percent.

Also, the market breadth index was negative with 12 gainers against 22 losers.

Computer Wharehouse Group (CWG) and Multiverse Mining and Exploration leads gainers’ chat, closing with 9.88 percent each to close at 89k and N1.78 respectively.

Academy Press followed with a growth of 9.68 percent to close at N2.04.

The Initiates Plc (TIP) and RTBriscoe increased by 9.09 percent each to close at 48k per share, respectively
However, NAHCO led the losers’ chart with 10 percent to close at N5.40, followed by FTNCocoa that depreciated by 8.57 percent to close at 32k.

Nigerian Breweries down by 6.13 percent to close at N49.75 as Consolidated Hallmark Insurance dropped by 5.17 percent to close at 66k.

In addition, Oando sheds 5.50 per cent to close at N5.15

In terms of activity levels, investors exchanged 238 million units of shares worth N3.336 billion in 3,814 deals.
Living Trust Mortgage Bank was the most actively traded 40.91 million units of shares worth N49.09 million, followed by Nigerian Breweries that traded 30.38 million units of share worth N1.51 billion.

United Bank for Africa (UBA) sold 40.91 million units of shares worth N49.09 million, while Accesscorp traded 21.90 million units of share worth N199.09 million.

Also, FBN Holdings sold 17.86 million units of shares amounting to N196.63 million.

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