The NGX closed for Christmas break in the bearish territory as the All-Share Index closed at 74,023.27 points on Friday, down by 0.36 per cent from the previous day’s all-time high of 74,289.02.

Equities lost N145 billion as the market capitalization declined to N40.507 trillion.

There was a drop in trading volume to 423.30 million units compared to yesterday’s 760.93 million units.

Regarding trading value, there was an appreciation of N16.585 billion from yesterday’s N13.03 billion.

Top gainers are MULTIVERSE, +10.00 per cent to close at N13.97; TRANSCOHOT, +10.00 per cent to close at N63.80; INFINITY, +9.95 per cent to close at N4.53; UCAP: +9.79 per cent to close at N23.00, DAARCOMM: +9.52 per cent to close at N0.69.

Conversely, losers are CONHALLPLC: -8.73 per cent to close at N1.15, INTBREW: -8.33% to close at N4.40, PRESTIGE: -7.84 per cent to close at N0.47, ABCTRANS: -7.32 per cent to close at N0.76, GUINEAINS: -6.90 per cent to close at N0.27

Concerning top traded stock, in terms of volume, UNIVINSURE (-3.85 per cent) led with 41.94 million units, followed by TRANSCORP (+3.90 per cent) with 41.93 million units, MBENEFIT (+1.96 per cent) with 30.2 million units, JAIZBANK (+1.91 per cent) with 27.58 million units, and ZENITHBANK (-1.94 per cent) with 26.3 million units.

Regarding value, GEREGU (0.00 per cent) led with N6.62 billion, followed by SEPLAT (0.00 per cent) with N2.77 billion, ZENITHBANK (-1.94 per cent) with N1 billion, GTCO (+0.13%) with N829.3 million, and MTNN (-3.77 per cent) with N550.6 million.

There was mixed trading sentiment for stocks in the SWOOT category as ZENITHBANK (-1.94 per cent) and MTNN (-3.77 per cent) recorded losses, while GTCO (+0.13 per cent) recorded a marginal gain. Other category members, AIRTELAFRI, BUACEMENT, BUAFOODS, DANGCEM, and SEPLAT, recorded no price changes.

For tier-1 banks, trading was primarily negative, as ACCESSCORP (-0.43 per cent), UBA (-1.54 per cent), and ZENITHBANK (-1.94 per cent) all recorded losses, while GTCO (+0.13 per cent) recorded a marginal gain. FBNH recorded no price change.

NGX closes for Christmas in bearish territory as ASI declines by 0.36%

Leave a Reply

Your email address will not be published. Required fields are marked *