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NGX: Market extends losing streak, down 2.26%

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 The Nigerian Exchange Ltd NGX on Tuesday extended losing streak making the benchmark index down by 2 26 per cent The News Agency of Nigeria reports that the All Share Index ASI dipped 1 139 02 points or 2 26 per cent to close at 49 350 71 against 50 489 73 posted on Monday Also the market capitalisation shed N614 35 billion to close at N26 62 trillion compared with N27 23 trillion achieved on Monday Consequently the Year to Date return dropped to 15 53 per cent The downtrend was impacted by losses recorded in large and medium capitalised stocks amongst which are Dangote Cement and MTN Nigeria Market breadth closed negative with 16 gainers and 11 losers Prestige Insurance and NEM Insurance recorded the highest price in percentage terms with a gain of 10 per cent each to close at 44k and N3 74 per share respectively Ellah Lakes followed with a 9 78 per cent to close at N3 93 per share while Multiverse Mining and Exploration gained 9 75 per cent to close at N2 06 per share Ikeja Hotel appreciated by 9 28 per cent to close at N1 06 per share Conversely Conerstone Insurance led the losers chart with a loss of 9 33 per cent to close at 68 per share Dangote Cement followed with 9 06 per cent to close at N241 while Japaul Gold and Ventures depreciated by 8 11 per cent to close at 34k per share Sovereign Trust Insurance dropped 7 41 per cent to close at 25k while Stanbic Bank lost 6 45 per cent to close at N29 per share Also the total volume traded closed with an exchange of 140 61 million shares valued at N1 6 billion achieved in 3 895 deals Transactions in the shares of Japaul Gold and Ventures topped the activity chart with 3 2 million shares valued at N8 95 million AIICO Insurance followed with 14 8 million shares worth N8 84 million while Sterling Bank traded 14 3 million shares valued at N21 41 million Sovereign Trust Insurance sold 10 1 million shares worth N2 58 million while Guaranty Trust Holding Company GTCO accounted for 7 85 million shares worth N160 97 million NewsSourceCredit NAN
NGX: Market extends losing streak, down 2.26%

Nigerian Exchange Ltd

The Nigerian Exchange Ltd. (NGX) on Tuesday extended losing streak, making the benchmark index down by 2.26 per cent.

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News Agency

The News Agency of Nigeria reports that the All-Share Index (ASI) dipped 1,139.02 points or 2.26 per cent to close at 49,350.71 against 50,489.73 posted on Monday.

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Also, the market capitalisation shed N614.35 billion to close at N26.62 trillion compared with N27.23 trillion achieved on Monday. 

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Consequently, the Year-to-Date return dropped to 15.53 per cent.

Dangote Cement

The downtrend was impacted by losses recorded in large and medium capitalised stocks, amongst which are, Dangote Cement and MTN Nigeria.

Market breadth closed negative, with 16 gainers and 11 losers.

Prestige Insurance

Prestige Insurance and NEM Insurance recorded the highest price in percentage terms, with a gain of 10 per cent each to close at 44k and N3.74 per share, respectively.

Ellah Lakes

Ellah Lakes followed with a 9.78 per cent to close at N3.93 per share, while Multiverse Mining and Exploration gained 9.75 per cent  to close at N2.06 per share.

Ikeja Hotel appreciated by 9.28 per cent to close at N1.06 per share.

Conerstone Insurance

Conversely, Conerstone Insurance led the losers’ chart with a loss of 9.33 per cent to close at 68 per share.

Dangote Cement

Dangote Cement followed with 9.06 per cent to close at N241, while Japaul Gold and Ventures depreciated by 8.11 per cent to close at 34k per share.

Sovereign Trust Insurance

Sovereign Trust Insurance dropped 7.41 per cent to close at 25k, while Stanbic Bank lost 6.45 per cent to close at N29 per share.

Also, the total volume traded closed with an exchange of 140.61 million shares valued at N1.6 billion achieved in 3,895 deals.

Japaul Gold and Ventures

Transactions in the shares of Japaul Gold and Ventures topped the activity chart with 3.2 million shares valued at N8.95 million.

Sterling Bank

AIICO Insurance followed with 14.8 million shares worth N8.84 million, while Sterling Bank traded 14.3 million shares valued at N21.41 million.

Sovereign Trust Insurance

Sovereign Trust Insurance sold 10.1 million shares worth N2.58 million, while Guaranty Trust Holding Company (GTCO) accounted for 7.85 million shares worth N160.97 million.

NewsSourceCredit: NAN

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