Investors Lose N124.91bn as NGXASI Dips Further by 0.47%
Written by Broad Admin on September 22, 2022
The Nigerian equities market closed negative amidst buy-interests and sell-offs as activities of the bulls and bears drive down the broad market by 47 basis point. The All-share Index (ASI) depreciated by 0.47% to close at 49,190.34 points.
Likewise, market capitalization dropped by N125 billion to close at N26.53 trillion while the year-to-date (YtD) returns settled at 15.16%. The stock market has advanced by 6,473.90 basis points since the start of the year.
On a sectoral level, 4 of the 5 major indices of the Nigerian Exchange closed negative with NGX Oil and Gas, Consumer Goods, Industrial and Insurance down by 0.20%, 0.36%, 2.30% and 0.32 respectively, while NGX Banking was up by 0.42%.
NGX Top ASI gainers
TRANSEXPR up +8.70% to close at N0.75
NEM up +2.67% to close at N5.39
CUTIX up + 2.50% to close at N2.05
ACADEMY up +2.41% to close at N1.70
INTBREW up +2.02% to close at N5.05
NGX Top ASI losers
CORNERST down – 10.00% to close at N0.54
MULTIVERSE down – 9.90% to close at N2.82
CADBURY down – 9.62% to close at N11.75
BUACEMENT down – 6.18% to close at N50.10
GUINNESS down – 5.57% to close at N83.00