Bears dominate trading on NGX, capitalisation down by N193bn
By Chinyere Joel-Nwokeoma
Lagos, May 5, 2021 The bears were dominant on the Nigerian Exchange (NGX) Ltd., on Wednesday with market capitalisation declining further by N193 billion.
Specifically, the capitalisation which opened at N20.830 trillion dipped N193 billion to close at N20. 637 trillion.
Similarly, the All-Share Index lost 367.97 points or 0.92 per cent to close at 39,433.81 from 39,801.78 on Tuesday.
Consequently, month-to-date and year-to-date losses increased to 0.9 per cent and 2.0 per cent, respectively.
The price depreciation was sustained by sell-off in Stanbic IBTC Holdings and 21 other stocks.
The loss was driven by price depreciation in large and medium capitalised stocks amongst which are; Stanbic IBTC Holdings, Unilever Nigeria, Guaranty Trust Bank, Zenith Bank and Julius Berger.
Lagos, March 3, 2021 Sell pressure continued on the nation’s bourse on Wednesday with indices dropping further by 0.44 per cent due to profit taking in MTN Nigeria Communications and 29 other stocks.
Consequently, the All-Share Index dipped 175.56 points or 0.44 per cent to close at 39,522.06 compared with 39,697.82 recorded on Tuesday.
Also, investors lost N91 billion in value as the market capitalisation dropped to N20.678 trillion from N20.769 trillion on Tuesday.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which were: MTNN, Lafarge Africa, International Breweries, Dangote Sugar Refinery and Oando.
Analysts at Afrinvest Ltd. attributed the persistent lull to increasing rates in the fixed income market.
NSE: Indices drop further by 0.44% pulse.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pulse.ng Daily Mail and Mail on Sunday newspapers.
By Chinyere Joel-Nwokeoma
Lagos, Feb. 18, 2021 Bearish sentiments persisted on the Nigerian Stock Exchange (NSE) on Thursday following sell pressure on MTNN, Guaranty Trust Bank and Zenith Bank shares.
Consequently, All-Share Index dropped by 253.13 or 0.63 per cent to 40,212.19 from 40,465.32 achieved on Wednesday.
Accordingly, the month-to-date and year-to-date losses increased to 5.2 per cent and 0.2 per cent, respectively.
Also, the market capitalisation which opened at N21.169 trillion lost N133 billion to close at N21.036 trillion.
The downturn was buoyed by value depreciation in large and medium capitalised stocks amongst which are: University Press, Chams, UPDC Real Estate Investment Trust, Multiverse Mining and Exploration and Japaul Gold.
NSE's indices down 0.63% amid profit taking [ARTICLE] pulse.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pulse.ng Daily Mail and Mail on Sunday newspapers.