Bears Dominate Customs Street As Investors Lose N37.44bn

The Nigerian Stock Exchange (NGX) Limited opened the week on a bearish note as investors recorded a N37.44 billion loss.

The NGX All-Share dipped by 0.14% to close at 49,625.71 basis points as against the 0.09% gain recorded previously to close at 49,695.12 basis points at the end of the last trading session.

The total volume traded declined by -72.86% to close at 86.59m, valued at N1.17bn and traded in 3,377 deals. GTCO was the most traded stock by volume with 19.47m units traded while GTCO was also the most traded stock by value which is put at N385.59m.

Sectoral performance was broadly negative as one (1) NGX sector index closed northward, thirteen (13) closed southward and four (4) closed flat. The NGX Consumer Goods Index inched up by 0.02% to top the gainers’ chart while the NGX MERIVALE Index dipped by 1.50% to top the losers’ chart.

The gote index inched up by 0.02% to close at 128.46 basis points while the Toni index declined by 0.09% to close at 110.37 basis points.

At the close of trading, the market recorded 13 gainers to 12 losers and 72 unchanged. MULTIVERSE topped the list of gainers while BETAGLAS topped the list of losers.

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.01x

GTCO led the volume chart with a 22.49% contribution and was closely followed by Sterling bank and Zenith bank.

GTCO tops the value chart with 32.95% contribution and is closely followed by MTNN and Zenith bank.