NGX Equities market closes bearish, capitalization declines by N6 billion

Toyin Ajadi

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The bearish trend dominated trading on the equities market of the Nigerian Exchange (NGX) on Wednesday as the market capitalization declined by N6 billion from Tuesday’s N20.216 trillion to close at N20.210 trillion.


Market index depreciated further by 0.03% to close at 38,791.03 points, being 11.12 points lower than Tuesday’s 38,802.15 points.


Ninety-seven (97) equities participated in the day’s trading, ending with 18 gainers and 24 losers.


Top on the gainers’ list was Capital Hotel, which appreciated by N0.26k to close at N2.90k. It was followed by Oando with N0.47k gain to close at N5.20k, then BOC gases Nigeria, which gained N0.75K to close at N9.20k.


On the losing side, Tripple Gee and Co declined by N0.10k to close at N0.90k followed by Consolidated Hallmark Insurance with N0.06k loss to close at N0.54k and Pharma Deko lost N0.12k to close at N1.09k.


Oando had the highest volume of 44.3 million traded shares followed by United Bank for Africa with 19.3 million traded shares.

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