NGX: Equities Market Closes Negative as Market Cap Loses N19 billion

Written by on September 15, 2022

The Nigerian Equities Market closed on the negative side as the key market indicator dipped further by 35.45bps as sell pressure persists.

Also, the NGX All-Share Index dipped by 0.07% to close at 49,540.48 basis points as against 0.10% loss recorded previously to close at 49,575.93 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N19.12bn loss.

YTD, the NGXASI Stands at +15.98% 

Thus, the total volume traded declined by -16.03% to close at 165.79m, valued at N1.23bn and traded in 3,385 deals. COURTVILLE was the most traded stock by volume with 38.81m units traded while ACCESSCORP was also the most traded stock by value which is put at N249.36m. 

However, sectoral performance was broadly negative as one (1) NGX sector index closed northward, twelve (12) closed southward while five (5) closed flat. The NGX Industrial Goods Index inched up by 0.14% to top the gainers chart while the NGX Insurance Index dipped by 0.57% to top the losers’ chart.

Gote index dipped by 0.12% to close at 128.26 basis points while Toni index advanced by 0.23% to close at 109.54 basis points.

At the close of trading, market recorded 8 gainers to 15 losers and 68 unchanged. SOVRENINS topped the list of gainers while UACN topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.10x.

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