NGX records bearish trading as ASI declines by 0.33 per cent

NGX records bearish trading as ASI declines by 0.33 per cent

The Nigerian Exchange Limited recorded a bearish trading outing on Tuesday as the All-Shares Index declined by 0.33 per cent to close at 101,707.70 basis points.

Consequently, equities investors lost N183.10 billion cumulatively as market capitalization settled at N55.65 trillion at the end of trading on Tuesday.

The trading record indicated that N263.19 billion shares valued at N4.30 billion were exchanged in 8,614 deals. Veritas Capital led the volume chart with N49.07 million units traded, while United Bank for Africa led the value chart with deals worth N587.50 million.

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Further analysis of trading activities showed that Honeywell Flour Mills and Cornerstone Insurance topped the gainers’ list after their share prices increased by 9.9 per cent.

Meanwhile, PZ Cusson Nigeria and Morrison are among the top losers of Tuesday’s trading, having depreciated in share value by 9.9 per cent and 9.8 per cent.

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On different sectors trading analysis, the Banking, Consumer Goods, and Industrial Goods indices declined by 1.9 per cent, 0.2 per cent, and 0.1 per cent, respectively, while the Insurance and Oil & Gas indices advanced by 1.1 per cent and 0.1 per cent, respectively.

NGX records bearish trading as ASI declines by 0.33 per cent

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