NGX opens trading week bearish

Chiamaka Okechukwu 

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The bear dominated equities transactions on the floor of the Nigeria Exchange Group Limited (NGX) on Monday, extending three straight days of losses recorded last week.



The All-Share Index of listed equities dipped further by 0.01 to close at 47,262.61 with 6 absolute points lower than Friday’s 47,268.61.



Consequently, market capitalization declined marginally by over N3 billion to close at N25, 471 trillion compared to N25,475 trillion recorded on Friday.




The market sentiment, when measured by market breath was, however, positive as trading closed with 19 gainers relative to 18 losers.


The day’s trading had a higher volume with a total of 291,881 million units of shares  were traded in 4,792 deals when compared to 170, 327 million shares that exchanged hands in 4,654 deals on Friday.


CORNERST led the gainers with 0.06k gain to close at N0.07k l. It was followed by WAPIC with N0.04k gain and a closing price of N0.50k, while FTN Coca Processors gained 0.03k to close at N0.39k.


On the flipside, Niger Insurance Plc led the chart with a price loss of 0.02k to close at N0.21k. AIICO Insurance Plc followed with a 0.04k loss to close at N0.66k, while Linkage Assurance lost with N0.03k to close at N0.55k.

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