The Nigerian Exchange Limited (NGX) halted two days of the uptrend to close on a downturn yesterday, as selloff in Dangote cement and Nestle dragged capitalisation by N883 billion.
Specifically, at the close of trading yesterday, the market capitalisation of listed equities declined by 2.47 per cent to close at N34.874 billion from N35.757 trillion traded the previous day.
The NGX All Share Index also depreciated by 1622.36 basis points from 65669.29 points traded the previous day.
The downturn was impacted by depreciation in major blue chips among which are: Dangote cement (-9.62%) Nestle (-1.34%) and Accesscorp (-4.16%).
A breakdown of activities showed that Deap Capital and Courtney Business Solutions led the gainers’ table in percentage terms during the day, gaining 10 per cent each to close at N0.33 and N0.88 per cent respectively.
Gold Breweries followed with a gain of 9.88 per cent to close at N2.67 kobo, TIP gained 9.80 per cent to close at N0.56 per share, Morison added 9.79 per cent to close at N2.58 per unit.
On the other hand, five listed companies: Transnational Corporation of Nigeria (Transcorps), Veritas Kapital Plc, ABC Transport, ETranzact and FBNHoldings declined by 10 per cent to close at N4.23 kobo, 35 kobo and 45 kobo, N8.55 and N19.35 kobo respectively.
The volume of trades increased by 318.285 million shares representing 27.37 per cent as Investors traded 1.163 billion shares valued at N12.694 billion against 844.715 million shares worth N9.412 billion exchanged hands the previous day in 8922 deals.
Transactions in the shares of United Bank for Africa led activity in the market with 177.793 million shares valued at N2.443 billion, Japaul Gold followed with an account of 110.259 million shares cost N147.742 million, Transcorps traded 87.094 million shares valued at N380.713 million, FCMB group traded 86.473 million shares cost N577.934 million while AccessCorps exchanged 65.445 million shares cost N1.124 billion.
Specifically, at the close of trading yesterday, the market capitalisation of listed equities declined by 2.47 per cent to close at N34.874 billion from N35.757 trillion traded the previous day.
The NGX All Share Index also depreciated by 1622.36 basis points from 65669.29 points traded the previous day.
The downturn was impacted by depreciation in major blue chips among which are: Dangote cement (-9.62%) Nestle (-1.34%) and Accesscorp (-4.16%).
A breakdown of activities showed that Deap Capital and Courtney Business Solutions led the gainers’ table in percentage terms during the day, gaining 10 per cent each to close at N0.33 and N0.88 per cent respectively.
Gold Breweries followed with a gain of 9.88 per cent to close at N2.67 kobo, TIP gained 9.80 per cent to close at N0.56 per share, Morison added 9.79 per cent to close at N2.58 per unit.
On the other hand, five listed companies: Transnational Corporation of Nigeria (Transcorps), Veritas Kapital Plc, ABC Transport, ETranzact and FBNHoldings declined by 10 per cent to close at N4.23 kobo, 35 kobo and 45 kobo, N8.55 and N19.35 kobo respectively.
The volume of trades increased by 318.285 million shares representing 27.37 per cent as Investors traded 1.163 billion shares valued at N12.694 billion against 844.715 million shares worth N9.412 billion exchanged hands the previous day in 8922 deals.
Transactions in the shares of United Bank for Africa led activity in the market with 177.793 million shares valued at N2.443 billion, Japaul Gold followed with an account of 110.259 million shares cost N147.742 million, Transcorps traded 87.094 million shares valued at N380.713 million, FCMB group traded 86.473 million shares cost N577.934 million while AccessCorps exchanged 65.445 million shares cost N1.124 billion.
