Market capitalisation loses N42 billion on Wednesday

The Nigerian Change Ltd., (NGX) on Wednesday ended three consecutive classes of achieve with market

The Nigerian Change Ltd., (NGX) on Wednesday ended three consecutive classes of achieve with market capitalisation closing at N28.677 trillion from N28.719 trillion on Tuesday, representing a lack of N42 billion, or 0.14 per cent.

Equally, the All Share Index (ASI) misplaced by 0.14 per cent to shut at 53,193.98 factors from 53,270.88 factors the day prior to this.

The market breadth was unfavorable as 16 shares superior and 18 shares declined.

Caverton Plc topped the gainers’ chart, gaining 7.34 per cent to shut at N1.17 per share.

FTNCocoa adopted with 5.88 per cent to shut at 36k, whereas Transcorp added by 5.69 per cent to shut at N1.30 per share.

Cutix rose by 4.98 per cent to shut at N2.74, whereas Linkage Assurance elevated by 3.70 per cent to shut at 56k per share.

Then again, Champion had been up on the losers’ chart, dropping by 9.79 per cent to shut at N3.88 per share.

Cornerstone Insurance coverage decreased by 9.68 per cent to shut at 62k per share.

Etranzact additionally misplaced by 9.67 per cent to shut at N3, whereas NEM Insurance coverage dipped by 8.33 per cent to shut at N4.20 per share.

Japaul Gold misplaced by 6.25 per cent to shut at 30k.

Transcorp maintained its management as essentially the most lively inventory, exchanging 103.56 million shares valued at N131.25 million.

Constancy Financial institution adopted with 12.81 million shares value N80.21 million, whereas First Financial institution of Nigeria Holdings (FBNH) traded 12.52 million shares valued at N130.63 million.

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Japaul Oil offered 10.35 million shares value N3.12 million, whereas Chams exchanged 7.81 million shares valued at N1.88 million.

The market turnover in 4,265 deal decreased to N1.86 billion from N2.75 billion recorded on Tuesday.

In all, traders purchased and offered 382.46 million shares value N4.23 billion in 5,999 offers. 

(NAN)