Nigerian Exchange closes bearish with market capitalisation down N32m

By Cynthia Ezekwe

The Nigerian Exchange (NGX) closed bearish on Thursday, as market capitalisation declined by N32 million, to close at  N28.649 trillion.

The All-share Index (ASI) depreciated by 0.02 per cent  to close at 52,599.65 points.

Meanwhile, an aggregate of 119.8 million units of shares were traded in  3,552

Deals, valued at N2.68 billion.

Market breadth closed positive as CHELLARAM led 21 gainers, against 16 equities that lost their share prices,  topped by THOMASWY.

CHELLARAM  topped the gainers chart as it grew by 10.00 per cent to close at N1.65; TRIPPLEG  was up  10.00 per cent to close at N0.88;  RTBRISCOE appreciated by 10.00 per cent to close at N0.33; OKOMUOIL  gained 9.76 per cent  to close at N181.10; while CAVERTON increased by 8.42 per cent  to close at N1.03.

On the contrary, THOMASWY led the losers chart as it shed 9.66 per cent  to close at N1.31; CORNERST was  down  6.90 per cent to close at N0.54;  GEREGU lost 5.90 per cent  to close at N134.00; HONYFLOUR shed 5.15 per cent to close at N2.2; while CWG declined by  4.26 per cent to close at N0.90.

At the end of the trading activities on Thursday, the Year-to-Date (YtD) returns settled at 1.94% while the stock market  advanced by 1,003.99 basis poin