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NGX: Indices decline marginally by 0.01%

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Key performance indicators of the Nigerian Exchange Ltd. (NGX) declined marginally on Thursday as market capitalisation which open with N25.959 trillion, lost N2 billion or 0.01 per cent to close at N25.957 trillion.

Also, the All-Share Index (ASI) closed lower by 3.4 points or 0.01 per cent to settle at 47,656.64 points compared with 47,660.04 recorded on Wednesday.

Consequently, the year-to-date (YTD) return stood at 11.57 per cent.

Selloffs in MTN Nigeria Stock led to the downturn in the performance of the market.

However, market sentiment, as measured by market breadth, was positive, as 11 stocks gained relative to nine losers.

UPDC Real Estate Investment Trust recorded the highest price gain of 9.09 per cent to close at N3 per share.

McNichols followed with a gain 8.93 per cent to close at 61k, while Japual Gold and Ventures appreciated by 7.41 per cent to close at 29k per share.

Nigerian Breweries went up by 7.14 per cent to close at 45k per share.

Also, Royal Exchange Assurance rose by 4.76 per cent to close at 66k per share.

On the other hand, Honeywell Flour Mill led the losers’ chart by 7.89 per cent to close at N2.10, RT Briscoe followed with a decline of 7.41 per cent to close at 25k and Wema Bank shed 5.45 per cent to close at N3.12 per share.

FCMB Group lost 4.18 per cent to close at N3.21, while Cutix Plc shed 3.46 per cent to close at N2.5 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 115.63 per cent.

A total of 172.90 million shares valued at N2.84 billion were exchanged in 3,073 deals.

sun news paper

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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