Equities Market Closes Bearish As Investors Lose N50.84bn

Investors at the Nigeria Exchange (NGX) Limited recorded a N50.84 billion loss on Tuesday, OduNews reports.

Equities Market Closes Bearish As Investors Lose N50.84bn
Bears Dominate Equities Market As Investors Lose N50.84bn

The NGX All-Share Index declined by 0.21% to close at 43,745.73 basis points as against the 0.17% loss recorded previously to close at 43,839.08 basis points at the end of the last trading session.

The total volume traded advanced by 7.32% to close at 172.87m, valued at N4.01bn and traded in 4,110 deals. ACCESSCORP was the most traded stock by volume with 24.68m units traded while SEPLAT was also the most traded stock by value which is put at N2.53bn

Sectoral performance was broadly negative as five NGX sector index closed northward, ten (10) closed southward and three (3) closed flat. The NGX-IND index advanced by 1.33% to top the gainers’ chart while the Oil and Gas Index dipped by 4.31% to top the losers’ chart.

At the close of trading, market recorded 13 gainers to 19 losers and 72 unchanged. NAHCO topped the list of gainers while JBERGER topped the list of losers.

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.08x.

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