Bourse sustains negative trend with market capitalisation down N52m

By Cynthia Ezekwe

The Nigerian Exchange (NGX) closed negative on Friday, as market capitalisation declined by N52 million, to close at N28.681 trillion.

 The All-share Index (ASI) depreciated by 0.18 per cent  to close at 52,657.88 points.

However, a total  of 171.1 million units of shares were traded in 3,599 deals, valued at  N2.34 billion.

Market breadth closed positive as CAP led 24 gainers,7 equities that declined in their share prices, topped by CUTIX.

CAP led the gainers chart as it recorded  9.83 per cent growth to close at N19.55; NNFM increased by  9.76 per cent  to close at N6.75; JAPAULGOLD was up 9.68 per cent  to close at N0.34; TRIPPLEG gained  9.38 per cent  to close at N1.05; while CORNERST appreciated n 9.26 per cent  to close at N0.59.

On the contrary, CUTIX led the losers chart as it shed 8.11 per cent  to close at N2.04; INTBREW was down 6.12 per cent  to close at N4.60; GLAXOSMITH lost 4.41 per cent  to close at N6.50;  ACCESSCORP declined by  4.26per cent  to close at N9.00;  while GUINNESS down depreciated by 3.71 per cent  to close at N70.00.

At the end of trading activities on Friday, the Year-to-Date (YTD) returns settled at 2.05%, while the stock market  advanced by 1,062.22.