Friday, January 21

NGX market cap dips by N44.72 billion as investors initiate profit-taking

The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 187 basis points.

The NGX ASI closed at 42,463.16 points, to reflect a decline of 1.87% from the previous trading day and a Year-to-Date (YTD) return of 5.44%. Meanwhile, the market capitalization decreased by N44.72 billion.

At the close of market today, Wednesday 1st December 2021, the stock exchange market value currently stands at N22.16 trillion from N22.57 trillion in the previous trading day.

The market breadth closed negative as CORNERST led 15 gainers, and 23 Losers topped by MTNN at the end of today’s session. The stock market has advanced 2,192.44 base points since the start of the year.

NGX ASI Top gainers

CORNERST up +7.69% to close at N0.56
MANSARD up +7.55% to close at N2.28
CHAMS up +5.00% to close at N0.21
NGXGROUP up +3.66% to close at N17.00
FTNCOCOA up +2.56% to close at N0.40

NGX ASI Top losers

MTNN down –10.00%to close at N171.00
AFRIPRUD down –7.69% to close at N6.00
UPDC down – 7.48% to close at N0.99
ROYALEX down – 5.56% to close at N0.51
HONYFLOUR down – 5.32% to close at N3.74

NGX ASI Top Traded by Volume

FBNH – 133,995,395 units
UNIVINS – 36,193,828 units
ZENITH – 18,339,499 units
GTCO – 13,593,251 units
TRANSCORP – 10,536,458 units

NGX ASI Top Traded by Value

FBNH – N1,573,889,108.40
ZENITHBANK – N440,113,529.90
GTCO – N334,804,045.25
WAPCO – N241,099,842.45
BUACEMENT – N112,812,161.40

Market sentiments trend towards the bears despite the market differential being in favour of the decliners as 15 gainers surpassed 23 losers.