NGX: Bearish trend persists, market capitalization depreciates by N81bn

By Samantha Allen

Published: January 15, 2022 | 7:57 AM GMT

The bearish trend in the Nigerian Exchange (NGX) on Thursday continued on Friday as trading ended in the negative territory with the market capitalization depreciating by N81 billion to close at N23,951 trillion as against N24,032 trillion on Thursday.

The all-share index also dropped further by 0.

34% to 44,454.

67 points, being 150.

07 points lower than 44,604.

47 points recorded on Thursday.

Friday’s trading closed with a total of 405.

74 million shares valued at N9.

83 billion traded in 3,880 deals.

In all, one hundred (100) equities took part in Friday’s trading with fourteen(14) emerging as gainers and seventeen (17) as losers.

The gainers’ table had Fidson Healthcare on top with N0.

66k gain to close at N7.

50k, followed by Julius Berger with N0.

80k gain and a closing price of N22.

80k and Sterling Bank with N0.

05k gain to close at N1.

57k per share.

On the other hand, on top of the Losers chart was Sunu Assurances Nigeria which lost N0.

03k to close at N0.

31k,then Cutix which lost N0.

19k to close at N2.

46k followed by Mutual Benefits Assurance with a closing price of N0.

27k having lost N0.

01k.

BUA Foods recorded the highest volume of 103 million traded shares and it was followed by Transcorp Nigeria with 97.

2 million.

NGX: Bearish trend persists, market capitalization depreciates by N81bn

About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.