NGX has closed in the bearish zone for the first time since January 10, 2024.
Gatekeepers News reports that this was as the All-Share Index declined by 1.5% to close at 103,110.15 points, a decline of 1,567.82 from Monday’s 104,674.67 points.
This was triggered by massive selloffs as 61 stocks recorded price losses compared to 7 that recorded gains.
Investors also lost N857 billion as the market capitalisation declined to N56.425 billion at the close of trading today.
For trading volume, there was a 6% decline to 649.95 million units, from Monday’s 689.93 million units, indicating a 57% decline in trading value to N11.09 billion, from yesterday’s N25.94 billion.
Market Indices
- NGX All-Share Index: 103,110.15 points
- % Day Change: -1.50%
- Day’s Lowest: 102,885.14 points
- Day’s Highest: 104,706.12 points
- % YTD: +37.90%
- Market Cap: N56.43 trillion
- Volume Traded: 649.95 million units
- Value Traded: N11.09 billion
Top Gainers
- UPDC: +8.11% to close at N2.00
- GEREGU: +4.61% to close at N517.80
- WEMABANK: +1.21% to close at N10.90
- ELLAHLAKES: +0.99% to close at N3.05
- UPDCREIT: +0.81% to close at N6.25
- ETI: +0.38% to close at N26.60
Top Losers
- NASCON: -10.00% to close at N68.40
- ACCESSCORP: -10.00% to close at N25.20
- STERLINGNG: -10.00% to close at N6.30
- MANSARD: -10.00% to close at N5.85
- CAVERTON: -10.00% to close at N1.80
- LINKASSURE: -10.00% to close at N1.17
Top Traded Stocks
In volume,
- JAPAULGOLD (-9.06%) led with 59.80 million units,
- TRANSCORP (-9.94%) with 52.06 million units,
- ACCESSCORP (-10.00%) with 46.81 million units,
- UBA (-9.67%) with 44.55 million units, and
- OANDO (-9.78%) with 34.95 million units.
In value,
- UBA (-9.67%) led with N1.23 billion,
- ACCESSCORP (-10.00%) with N1.21 billion,
- ZENITHBANK (-7.14%) with N1.09 billion,
- GTCO (-6.29%) with N779.61 million, and
- TRANSCORP (-9.94%) with N763.20 million.
SWOOT and FUGAZ Update
Trading sentiment was negative for stocks worth over N1 trillion, as ZENITHBANK (-7.14%) and GTCO (-6.29%) recorded a price decline, while GEREGU (+4.61%) recorded a price gain.
ACCESSCORP (-10.00%), UBA (-9.67%), DANGSUGAR (-9.74%) and TRANSCOHOT (-1.42%) recorded price declines to send their market capitalization below the N1 trillion mark. Other members of the SWOOT category, AIRTELAFRI, BUAFOODS, BUACEMENT, DANGCEM, MTNN, and SEPLAT recorded no price changes.
Meanwhile, FBNH declined by 9.4%.
