NGX: Investors Lose N15.03bn as NGXASI Dips by 0.06%

Written by on September 27, 2022

Nigerian Equities Market resumed downtrend as the key market indicator dipped by 27.87bps while market breadth remained negative

The NGX All-Share Index declined by 0.06% to close at 49,161.45 basis points as against 0.33% gain recorded previously to close at 49,189.32 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N15.03bn loss.

YTD, the NGXASI Stands at +15.09% 

The total volume traded advanced by +72.87% to close at 206.21m, valued at N2.36bn and traded in 3,777 deals. TRANSCORP was the most traded stock by volume with 38.46m units traded while ZENITHBANK was the most traded stock by value which is put at N710.83m 

Sectoral performance was broadly negative as three (3) NGX sector index closed northward, nine (9) closed southward while five (5) closed flat. The NGX Oil & Gas Index inched up by 0.20% to top the gainers chart while the NGX NGXAFRBVI Index dipped by 0.74% to top the losers’ chart.

Gote index closed flat at 128.26 basis points while Toni index dipped by 0.44% to close at 105.96 basis points.

At the close of trading, market recorded 13 gainers to 17 losers and 74 unchanged. NGXGROUP topped the list of gainers while MAYBAKER topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.05x.

Volume and Value Contribution

TRANSCORP led the volume’s chart with 18.65% contribution and closely followed by ZENITHBANK and FCMB

ZENITHBANK tops the value’s chart with 30.09% contribution and closely followed by VITAFOAM and AIRTELAFRI


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