NGX records N445bn loss amid mixed trading

Trading on the Nigerian Exchange Ltd. (NGX) ended negatively on Wednesday, with market capitalisation falling by N445 billion after a day of positive performance.

The NGX market capitalisation dropped by N445 billion, or 0.68 per cent, closing at N65.259 trillion, down from Tuesday’s N65.704 trillion.

Similarly, the All-Share Index declined by 0.68 per cent, shedding 708.14 points to settle at 103,851.88 from the previous day’s 104,560.02.

In spite of the losses, market breadth remained positive, recording 25 gainers compared to 20 losers by the end of trading.

On the gainers’ chart, ABBEY Mortgage Bank rose by 9.99 per cent, closing at N8.15 per share.

Sovereign Trust Insurance gained 7.69 per cent, ending the day at 98k per share.

Nigerian Exchange Group climbed 7.30 per cent, closing at N33.80, while Fidelity Bank advanced 6.74 per cent to N18.20 per share.

Deap Capital Management also appreciated, gaining 6.67 per cent to close at 96k per share.

Conversely, Industrial & Medical Gases declined by 10 per cent to close at N34.20 per share.

Guinea Insurance dropped by 9.52 per cent, settling at 57k per share at market close.

UPDCREIT fell 8.20 per cent to N5.60, while DAAR Communications lost 7.94 per cent, ending at 58k per share.

C&I Leasing also dipped, dropping 7.89 per cent to close at N3.50 per share.

In total, 351.65 million shares worth N13.710 billion were traded in 12,141 transactions.

This contrasts with Tuesday’s 368.76 million shares worth N10.87 billion, traded in 13,228 deals.

Access Corporation led trading with 68.201 million shares exchanged, valued at N1.487 billion.

Guaranty Trust Holding Company followed, trading 36.78 million shares worth N2.171 billion.

First City Monument Bank traded 28.77 million shares valued at N261.89 million during the session.

United Bank for Africa sold 26.399 million shares worth N830.87 million.

Chams Plc closed the list with 24.62 million shares traded, valued at N53.34 million.