NGX closes week on bearish note as ASI declines by 0.27% on Friday

The Nigerian Exchange Group data revealed that the stocks continued their bearish run at the close of Friday’s trading session as equities lost 0.27 per cent.

The NGX All-Share Index closed at 66,915.41 points, a 0.27 per cent decline from the 67,098.81 points recorded on Thursday.

The market capitalization also recorded a 0.27 per cent decline as investors scalped N100.8 billion from the market, causing it to close at N36.76 trillion.

Accordingly, trading activity was low on the day as only 205.88 million units were traded against the 298.69 million share units traded the day before.

The trade value carried out was N6.38 billion in 4,986 deals, against N4.48 billion in 5,435 deals the previous day.

Thomas Wyatt (THOMASWY), Ikeja Hotels (IKEJAHOTEL), and Omatek Ventures (OMATEK) topped the gainers chart as they recorded +10.00 per cent, +7.51 per cent, and +7.14 per cent, respectively.

Also, AIICO Insurance (AIICO), with +4.48 per cent, and Cutix Plc (CUTIX), with +4.07 per cent completed the list of the top five gainers at the close of trading.

Meanwhile, Cadbury Nigeria (CADBURY) led the losers’ chart with –10.00 per cent. Flour Mill of Nigeria (FLOURMILL) with –9.03 per cent, Sovereign Trust Insurance (SOVRENINS) with -8.33 per cent, Geregu Power (GEREGU) with –7.22 per cent, and Unilever Nigeria (UNILEVER) with –5.23 per cent complete the list for the top five losers of the day.

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