By Chiamaka Okechukwu, LagosOn Jul 13, 2023
Transactions on the floor of the Nigeria Exchange Group Limited, NGX ended bearish on Thursday with investors losing N7 billion on market capitalisation of listed equities.
The Exchange extended the previous day’s losses as investors witnessed more drops on the share prices of 53 equities leading to a 2.03% decline on market capitalisation to close at N34.167 trillion compared to N34.874 trillion.
The All-Share Index dipped further Nigeria by 1,297.99 basis points, representing a 2.03% drop to close at 62, 748.94 points lower than Wednesday’s 64,046.93 points.
The day’s trading session ended with 19 gainers relative to 53 decliners.
On the gainers’ chart, JOHN HOLT led the table with a 10% profit on its share prices to close at N1.65k.
Dangote Sugar followed with a 9.94% gain on its share price to close at N29.85k; then NASCON had a 9.91% profit to close at N25.50k.
On the flipside, Fidelity Bank, OMATEK, SOVRENINS, STANBIC, Wema Bank and TRANSCOHOT had a 10% loss on their respective share prices to close at N7.11k, N0.54k, N0.45k, N61.20k, N4.50k and N35.55k.
Unity Bank and ETI recorded a 9.94% drop on their respective share prices to close at N1.54k and N14.05k; then LEARN AFRICA lost 9.93% to close at N3.81k.
The market sentiment when measured by market breadth remained negative for a second day as 798.47 million units of shares valued at N10.45 billion exchanged hands in 10,296 deals.
Confidence Okwuchi
