Business Stocks

NGX: Sell-offs cost investors N36bn

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At the end of trading on Tuesday, investors in the Nigerian Exchange Ltd. (NGX) stock market had lost N36 billion.

In particular, equity capitalisation declined by N36 billion, or 0.12%, from its opening price of N30.391 trillion to its closing price of N30.355 trillion.

The All-Share Index (ASI), which closed at 55,722.9 as opposed to the 55,788.37 recorded on Monday, decreased by 65.47 points, or 0.12%.

Enamewa was the top gainer, rising from N16.20 to N17.75 per share, a 9.57 percent rise.


FTN Cocoa increased by 7.69% to close at 28k from 26k, and Sterling Bank increased by 3.42% to close at N1.51 a share from N1.46.

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Moreover, NGX Group had a 2.69 percent increase from N26 to N26.70 per share.

In contrast, Chams lead the losers’ table after losing 8% from its opening price of 25k to its closing price of 23k per share.


Linkage Assurance decreased by 6.82 percent to close trading with 41k from 44k per share, while Prestige Assurance slid by 7.32 percent to close at 38k from 41k.

Wema Bank dropped 6.05 percent, going from N4.30 to N4.04 per share, while UPDC lost 6.8%, finishing at 96k as opposed to N1.03.

Compared to the 179.02 million shares worth N2.54 billion exchanged in 4,296 deals the day before, investors traded 199.26 million shares worth N2.81 billion in 3,898 deals on Tuesday.

The most actively traded stock was Sterling Bank, with 31.09 million shares changing hands for N46.91 million.


Zenith Bank traded 16.51 million shares for N412.51 million, while Neimeth sold 20.17 million shares worth N31.67 million.


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