NGX All-Share Index extends losses by 1.52%
The equity market extended losses as all the Nigerian Exchange Ltd. (NGX) performance indices declined by 1.52 per cent.
Specifically, the All-Share Index dropped by 1,551.76 points or 1.52 per cent to close at 102,108.05 against 103,659.81 recorded on Monday.
Also, the market capitalisation declined by N849 billion or 1.52 per cent to close at N55.872 trillion, compared to N56.721 trillion posted in the previous session.
As a result, the year-to-date (YTD) return fell to 36.56 per cent.
Meanwhile, the downward performance of the market was due to the bearish sentiment of investors in stocks of BUA Cement, alongside Tier-one banks.
Also, investors exchanged 494.19 million shares valued at N7.6 billion in 11,761 deals, compared to 841.55 million shares valued at N19.33 billion exchanged in 13,674 deals on Monday.
On the losers’ table, BUA Cement and Consolidated Hallmark Holdings Plc led in percentage terms of 10 each to close at N166.50 and N1.53, followed by Sterling Nigeria by 9.85 per cent to close at N5.86 per share.
UPDC Plc trailed by 9.79 per cent to close at N1.75, while The Initiate Plc (TIP) shed 9.79 per cent to close at N2.12 per share, respectively
Conversely, Cadbury Nigeria Plc and Juli Plc led in percentage terms of 10 each to close at N24.20 and 77k, while Meyer Plc gained 9.94 per cent to close at N5.20 per share.
Daar Communications Plc also garnered 9.09 per cent to close at 84k, while CAP Plc rose by 4.58 per cent to close at N25.10 per share.
On the activity table, Jaiz Bank led in volume with 90.78 million shares traded at N226.98 million, followed by Universal Insurance with 40.39 million shares worth N16.64 million.
Japaul Gold and Ventures Plc also traded 33.61 million shares worth N99.25 million, while Guaranty Trust Holding Company (GTCO) traded 32.95 million shares worth N1.32 billion to lead the chart in value.
First Bank Nigeria Holdings(FBNH) traded 27.53 million shares valued at N702.46 million.
Analysis of the market activities showed that trade turnover settled lower relative to the previous session, as the value of transactions went down by 60.68 per cent.
Full Story: https://gazettengr.com/ngx-all-share-index-extends-losses-by-1-52/?utm_source=rss&utm_medium=rss&utm_campaign=ngx-all-share-index-extends-losses-by-1-52
TAGS: #NGX #AllShare #Index #extends #losses