By Chinyere Joel-Nwokeoma
Lagos, April 28, 2021 Mixed sentiments persisted on the nation’s bourse on Wednesday with the market capitalisation dropping N274 billion in six hours of trading due to sell-off of blue chips.
Specifically, the market capitalisation dipped N274 billion or 1.33 per cent to close at N20.296 trillion from N20.570 trillion achieved on Tuesday.
Also, the All-Share Index which opened at 39,305.48 points lost 524 points or 1.33 per cent to close at 38,781.48.
The market loss was driven by price depreciation in large and medium capitalised stocks, amongst which were; Guinness Nigeria, International Breweries, Ardova Plc, PZ Cussons and UACN.
The market sentiment remained negative with 23 laggards against 20 gainers.
Bears resurface on NGX, indices down by 0 03%
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NGX key market indices open week with 0 04% growth
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By Chinyere Joel-Nwokeoma
Lagos, April 23, 2021 The nation’s bourse key market indicators closed the week upbeat on Friday with a growth of 0.43 per cent.
The market capitalisation increased by N89 billion or 0.43 per cent to close at N20.568 trillion against N20.479 trillion posted on Thursday.
Also, the All-Share Index which opened at 39,131.80 inched higher by 170.02 points or 0.43 per cent to close at 39,301.82.
A breakdown of the price movement chart indicates that Triple G led the gainers’ table in percentage terms, gaining 9.23 per cent to close at 71k per share.
Sovereign Trust Insurance gained 8.70 per cent to close at 25k, while Stanbic IBTC Group added 8.70 per cent to close at N50 per share.