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NGX: Key indices down by 0.01% in cautious trading

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NSE maintain bearish trend despite listing of Ellah Lakes additional shares

Trading on the Nigerian Exchange (NGX) ended on a cautious note on Friday with key indices dropping marginally by 0.01 per cent.

Specifically, the All-Share Index inched lower by 4.06 points or 0.01 per cent to close at 38,324.07 against 38,328.13 on Thursday.

Also, capitalisation declined by two billion or 0.01 per cent to N19.975 trillion from N19.977 trillion reported on Thursday.

C & I Leasing dominated the laggards’ chart in percentage terms, losing 9.78 per cent to N4.06 per share.

Chams trailed with a loss of 9.09 per cent to close at 20k per share, while Julius Berger dipped 9.05 per cent to N19.10 per share.

Royal Express lost 8.82 per cent to close at 62k, while ABC Transport dropped by 6.82 per cent to 41 per share.

Conversely, Prestige Insurance led the gainers’ chart in percentage terms with 8.16 per cent to close at 53k per share.

Wapic Insurance garnered eight per cent to close at 54k, while NPF Micro Finance Bank gained 7.23 per cent to close at N1.78 per share.

However, the volume of shares traded rose by 10.84 per cent as investors bought and sold 174.30 million shares worth N1.95 billion in 2,581 deals.

This was against a turnover of 157.26 million shares valued N1.74 billion in 2,824 deals on Thursday.

Chams was the most active stock, exchanging 36.89 million shares worth N7.39 million.

UACN followed with an account of 25.01 million shares valued N264.99 million, while BUA Cement traded 10.26 million shares worth N761.45 million.

Mutual Benefits sold 8.73 million shares valued at N761.45, while FBN Holdings traded 8.71 million shares valued N62.67 million.

Chinyere Joel-nwokeoma

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective.A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour.The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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