NGX: Equities market loses N66 billion in Wednesday’s trading

The equities market of the Nigerian Exchange Ltd. (NGX) depreciated by N66 billion on Wednesday, driven by gains recorded by 12 companies and 22 losers. 

Specifically, the market capitalisation opened for trading at N28.208 trillion to close at N28.142 trillion, a decrease of N66 billion or 0.23 per cent. 

Similarly, the NGX All-Share Index depreciated by 0.23 per cent to settle at 52,186.52 basis points from 52,308.88 basis points it opened for trading. 

The loss indicated a year-to-date (YTD) increased return of 22.18 per cent.

Also, the market breadth index was negative with 12 gainers against 22 losers.

Computer Wharehouse Group (CWG) and Multiverse Mining and Exploration lead gainers’ chat, closing with 9.88 per cent each to close at 89k and N1.78 respectively.

Academy Press followed with a growth of 9.68 per cent to close at N2.04.

The Initiates Plc (TIP) and RTBriscoe increased by 9.09 per cent each to close at 48k per share, respectively.

However, NAHCO led the losers’ chart with 10 per cent to close at N5.40, followed by FTNCocoa that depreciated by 8.57 per cent to close at 32k.

Nigerian Breweries declined by 6.13 per cent to close at N49.75 as Consolidated Hallmark Insurance dropped by 5.17 per cent to close at 66k.

In addition, Oando shed 5.50 per cent to close at N5.15.

In terms of activity levels, investors exchanged 238 million units of shares worth N3.336 billion in 3,814 deals.

Living Trust Mortgage Bank was the most actively traded 40.91 million units of shares worth N49.09 million, followed by Nigerian Breweries that traded 30.38 million units of shares worth  N1.51 billion. 

United Bank for Africa (UBA) sold  40.91 million units of shares worth N49.09 million, while Accesscorp  traded 21.90 million units of shares worth  N199.09 million.

Also, FBN Holdings sold 17.86 million units of shares amounting to N196.63 million.

(NAN)