NGX closes bearish with market capitalisation down N61bn

By Cynthia Ezekwe 

Trading activities on the floor of  Nigerian Exchange (NGX) closed negative at the end of  Thursday’s trading session, as market capitalisation of equities saw a loss of N61 billion to close at N32.241 trillion,  lower than the N32.302 trillion recorded in the previous trading session.

The All-Share Index (ASI) traded 0.19 per cent  lower to close at 59,211.26 index points as against 59,323.95 index points recorded in the previous day’s trading session.

A total of  615.91 million units of shares were exchanged in 7,459 deals, valued at  N6.62 billion.

Trading volume also reduced by 4.22 per  cent  from the previous day’s session as WAPIC Plc was the most traded equity by volume  at the end of Thursday’s trading session.

Market breadth closed negative as NEM Plc topped the gainers chart with an increase of 10.00 per cent against other price decliners led by LASACO as it  shed its share price by 10.00 per cent.

NEM led the gainers table as it appreciated 10.00 per cent  to close at N6.93 per share;  CORNERST gained 9.90 per cent  to close at N1.11 per share; SKYAVN increased by 9.74 per cent  to close at N8.45 per share; WAPIC gained 9.30 per cent  to close at N0.94 per share; while AFRIPRUD was up  9.09 per cent to close at N6.60 per share.

However, LASACO led the losers chart as it shed 10.00 per cent of its share price  to close at N2.34 per share; SOVRENINS was down by 9.84 per cent to close at N0.55 per share; UNITYBNK depreciated 9.63 per cent to close at N1.22 per share; NSLTECH was down 9.52 per cent  to close at N0.38 per share; while IKEJAHOTEL lost 9.06 per cent  to close at N2.91 per share.