NGX: Bearish trend persists, market capitalization depreciates by N81bn

Toyin Ajadi 


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. It was followed by Julius Berger with N0.80k gain and a closing price of N22.80k. Next was 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. Cutix 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. It was followed by Transcorp Nigeria with 97.2 million traded shares.

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