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NGX records mixed sentiments

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The market capitalisation of the Nigerian Exchange Ltd. (NGX) remained unchanged on Monday at N24.112 trillion, same as Friday.

However, the All-Share Index (ASI) rose marginally by 0.25 points or 5.6 per cent to close at 44,269.43 from 44.269.18 recorded on Friday.

Accordingly, the year-to-date (YTD) return was unchanged at 3.64 per cent.

Royal Exchange led the gainers’ chart in percentage terms by 9.72 per cent to close at 79k per share.

Cutix Plc followed with 6.83 per cent to close at N2.19, while United Capital increased by 5.73 per cent to close at N12 per share.

Linkage Assurance rose by 2.56 per cent to close at 40k, while Trans-Nationwide Express gained 2.50 per cent to close at 82k per share.

Conversely, Learn Africa dominated the losers’ chart in percentage terms with 9.52 per cent to close at N1.52 per share.

RTBriscoe and Conerstone Insurance followed with 9.09 per cent each to close at 30k and 40k respectively.

FTNCocoa Processors declined by 8.82 per cent to close at 31k, while CavertonOffshore Support Group fell by 8.05 per cent to close at 80k.

Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 51.63 per cent.

A total of 103.27 miilion shares valued at N2.14 billon were exchanged in 3,206 deals.

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Olawunmi Ashafa

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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