NGX sees first weekly decline as ASI falls by 0.08%

NGX sees first weekly decline as ASI falls by 0.08%

The equities market on Wednesday declined for the first time this week on the floor of the Nigerian Exchange Limited, NGX as late profit-taking activities witnessed in DANGOTE SUGAR REFINERY PLC (-5.


1%) caused a 0.

1% decrease in the benchmark index.

By the close of transactions, the All-Share Index declined 39.

63 basis points or 0.

08% to close at 47,207.

27 basis points from 47,246.

90 basis points.

Likewise, the Market Capitalization declined 0.

08% or N21 billion from N25,463 trillion to close at N25,442 trillion.

The total volume traded declined by 45.

3% to 230.

65 million units, valued at N3.

49 billion, and exchanged in 4,377 deals.

TRANSNATIONAL CORPORATION OF NIGERIA PLC was the most traded stock by volume at 23.

19 million units while SEPLAT ENERGY PLC was the most traded stock by value at N645.

12 million.

To lead the gainers today is E-TRANZACT INTERNATIONAL PLC with an opening price of N2.

00 per share and a closing price of N2.

20k per share, gaining 0.

20k or 10.

00 percent.

R T BRISCOE PLC followed with a move from a previous selling price of 0.

72k per share to 0.

79k per share, gaining 0.

07k or 9.

72 percent.

And NIGER INSURANCE PLC upped from 0.

22k per share to at 0.

24k per share, gaining 0.

02k or 9.

09 percent.

On the losers table however, AFRICA PRUDENTIAL PLC led the chart falling from N7.

80k per share to N7.

35k per share, by 0.

45k or 5.

77%, followed by DANGOTE SUGAR REFINERY PLC with a fall in selling price from N18.

00 per share to N17.

05k share to lose 0.

95k or 5.

28 percent.

While CHAMS PLC decreased from 0.

24k per share to 0.

23k per share by 0.

01k or 4.


Sectoral performance was mixed as the Consumer Goods (-0.

6%) and Banking (-0.

4%) indices declined, while the Insurance (+0.

9%) index was the sole gainer of the day.

  However, the Industrial Goods and Oil & Gas indices closed flat.

Bilkisu Pai
NGX sees first weekly decline as ASI falls by 0.