NGX closes negative with market capitalisation down N622bn

By Cynthia Ezekwe

Trading activities on the Nigerian Exchange (NGX)  closed negative on Monday, as  market capitalisation declined by N622 billion to close at N29.281 trillion.

The All-Share-Index (ASI) depreciated by 2.07 percent to close at 53, 750.77 points.

Meanwhile, a total of 100.8 million units of shares were traded in 3,279 deals, valued at N4.34 billion.

Market breadth closed negative as COURTVILLE led 5 gainers against 21 equities that declined in their share prices, topped by NCR.

COURTVILLE topped the gainers chart as it recorded 6.67 per cent growth to close at N0.48; NPFMCRBK was up 2.70 per cent to close at N1.90; AIICO gained 1.75 per cent to close at N0.58; FBNH appreciated 0.92 per cent to close at N11.00; while ZENITHBANK  was up 0.20 per cent to close at N25.00.

However, NCR topped the losers chart as it shed 9.79 per cent to close at N2.12; UNITYBNK lost 9.43 per cent to close at N0.48; PRESTIGE depreciated 8.89 per cent to close at N0.41; SUNUASSUR declined by 8.33 per cent to close at N0.44; while AIRTELAFRI depreciated 8.31 per cent to close at N1420.00.

At the end of trading activities on Monday, the Year-To-Date (YTD) returns settled at 4.17 per cent, while the stock market advanced by 2,155.11 basis points.