The Nigerian Exchange Limited (NGX) stock market opened yesterday with a loss of 0.07 percent as investors’ gloomy mood persisted throughout lively trading for the fourth straight day.
To conclude at 49,440.21 basis points, the NGX All-Share Index decreased by 35.21 basis points, or 0.07 percent. The market capitalization as a whole also decreased by N19 billion to close at N26.667 trillion.
Losses in medium- and large-capitalized stocks, including Seplat Energy, University Press, AXA Mansard Insurance, United Capital, and Guaranty Trust Holding Company, had an impact on the downturn (GTCO).
11 stocks increased and 11 stocks decreased, resulting in a flat market breadth. The biggest price increase was posted by e-Tranzact International, which rose 9.97% to settle at N3.20 per share.
Vitafoam Nigeria increased by 5.00% to close at N21.00 per share, and Academy Press gained 9.52 percent to close at N1.84.
Cornerstone Insurance increased by 3.33 percent to conclude at 62 kobo per share, while Honeywell Flour Mill increased by 3.36 percent to close at N2.46.
Associated Bus Company, on the other hand, topped the losers’ chart by 10% and closed at 27 kobo per share.
Mutual Benefits Assurance dropped by 6.90% to close at 27 kobo per share, while University Press dropped by 9.44% to conclude at N1.63.
Courteville Business Solutions lost 6.12% to close at 46 kobo per share, while R.T. Briscoe Nigeria lost 6.25 to close at 30 kobo.
The entire volume of transactions, meanwhile, fell by 37.33 percent to 67.369 million units worth N1.480 billion and transacted in 3,386 deals.
The most active activity was in the 9.673 million shares of FBN Holdings (FBNH) valued at N96.557 million.
GTCO traded 6.113 million shares valued at N120.396 million, followed by Zenith Bank with 9.252 million shares worth N182.385 million.
Sovereign Trust Insurance traded 2.955 million shares for N797,719, while Mutual Benefits Assurance traded 4.487 million shares worth N1.247 million.