NGX: Equities market closes bearish, as investors lose N34bn

The Nigerian Exchange (NGX) closed bearish at the end of Thursday’s trading session as investors lost N35 billion even as the bourse’s trading volume surged.

Data from the Nigerian Exchange Limited (NGX) on the trading trend showed that the All-Share Index (ASI) traded 0.09% lower to close at 68,271.14 index points as against 68,335.72 index points recorded in the previous day’s trading session.

This is even as the market capitalization dipped by N35 billion to close at N37.365 trillion, representing 0.09% lower than the N37.400 trillion recorded in the previous day’s trading session.

A further analysis of the local bourse’s indices showed that the volume of equities traded rose to 1.12 billion with a total value of N5.82 billion transacted in 7,949 deals.

The NGX reported that the market breadth closed negative as JOHNHOLT (9.55%) led the gainers’ table while OANDO (-9.93%) topped the losers’ chart and that UNIVINSURE was the most traded equity – by volume – at the end of today’s session.

The top three ASI gainers comprised JOHNHOLT, OMATEK and DAAR COMMUNICATIONS gaining +9.55%, +9.52% and +9.52% respectively whileOANDO, LASACO and CHAMS led the top losers’ chart as they lost –9.93%, -9.71%, and –9.59% respectively.

Techrectory with Agency Report.