Equities investors gain , equities market maintains lull, NGX Banking stocks market ,Equities market maintains, Equities market recoup, Local stock market bows, Positive sentiments persist, Equities market opens week bullish, Bulls persist at NGX as equities investors earn N133.4bn , Equities market, Equities market opens December, Equities market rebounds, NGX ASI dips by 0.24% as investors lose N61bn, Equities market opens, Airtel Africa, BUA Foods pushes stock market to 5th consecutive gain, Equities investors lose N21.3bn as bear resurfaces at NGX, Investors gain N131.9bn, Equities market maintains bearish stance as investors lose N17.7bn, Equities investors lose N71.9bn, Equities investors earn N252.1bn as bulls persist at NGX, Equities market dips by 1.8% despite robust trading activities, Gains in Dangote Cement's stock halt losses at NGX, Local stock market halts bullish trend as investors lose N127.1bn, Local stock market maintains bullish run as investors earn N60.97bn, NGX: BUA Cement stocks keep market on positive territory as investors earn N178.4bn, Selloffs of Banking stocks, Investors earn N12.5bn , Equities market reverses, BUA Cement losses further, dips local stock market by 0.5%, Shareholders query NGX over impending resolutions, NGX: High Cap losses pull equities market lower by 0.1%, Nigerias inflation rate in August , Local stock market halts negative trend as investors earn N25bn, Large Cap stocks losses, Local stock market opens week bearish as investors lose N30bn, Equities investors earn N65bnEquities investors lose N78bn as bears persist at NGX, investors lose N10bn, Equiti, es investors lose N18bnNigerias inflation rate soars , Local stock market slips further by 2.26% as ASI settles below 50,000bps, Equities investors lose N125bn as market opens week weaker by 0.6%, Equities market reverses gain, ASI dips by 0.1%, Local stock market rebounds by 1.4% as investors earn N364.4bn, Equities investors lose N868.03bn in 5days as lulls persist at NGX, Local stock market Equities market falls, Stock market shed N127bn , Local stock market records 3rd consecutive losses as ASI dips by 0.12%, Local stock market opens, Negative sentiments persist at NGX as investors lose N124bn, Negative sentiment persists at NGX, NGX: Equities investors gain N28bn as market opens week bullish, NGX posts 3rd-day loss amid selloffs of Airtel Africa, BUA Foods shares, Inflation rate hits 11-month high, Equities investors lose N634.6bn as NGX ASI dips by 2.2% WoW, Bears persist at NGX as investors further lose N518bn, Bears persist at NGX as equities investors lose N19bn, Equities investors lose N101.36bn, Equities market dips by 0.1% on losses in MTNN, 25 others
Business

NGX: Equities investors lose N18bn as ASI dips marginally

Kehinde Akinseinde-Jayeoba

Equities trading at the Nigerian Exchange Limited (NGX) was bearish on Monday as the benchmark index dips marginally by 0.07 per cent.

At the end of trading activity, the All Share Index settled at 49,629.43 basis points as against its previous close of 49,664.07 basis points, pulling down both the month-to-date and year-to-date performance to -1.47 per cent and 16.18 per cent from their previous close of -1.40 per cent and 16.26 per cent respectively.

Investors, therefore, lost N18 billion as the market capitalisation followed suit the direction of the ASI to stand at N26.769 trillion, representing a 0.07 per cent decrease from the N26.787 trillion it stood at the end of the previous trading session.

Bears’ camp maintained dominance over the market breadth with 17 counters in the losers’ chart pitted against 12 counters in the gainers’ chart.

On the performance board, Neimeth Pharmaceutical gained 9.29 per cent to become the best performing stock in the session, flanked by Unity Bank, FCMB Group, Zenith Bank and Transcorp as they populated the top five gainers’ chart. From the rear of the chart, Presco, Multiverse, Ikeja Hotel, Dangote Sugar and Jaiz Bank populated the top five losers’ charts.

However, sectorial indices closed in a mixed direction with the ASI, with the NGX Industry sector gaining the most weight, as the NGX Consumer Goods sector lost the most weight, while NGX Insurance, NGX Growth, and NGX ASEM sectors closed flat.

Market activity as measured by the volume of trades shed weight in the session with daily traded volume standing at 210.836 million units, representing a 71.90 per cent downtick from a volume of 750.285 million units traded in the previous session.

The value of those traded stocks dipped by 58.78 per cent in the session to stand at N2.188 billion as against a value of N5.307 billion recorded in the previous trading session.

ETranzact dominated the volume charts as the top traded stock by volume for the trading session. This is followed by FBN Holdings, United Bank for Africa, Guaranty Trust Holding Company (GTCO) and Transcorp to complete the list of the five most traded stocks by volume.

With regards to the value of traded stocks, GTCO took the lead among the top five performers. It is flanked by FBN Holdings, Zenith Bank, United Bank for Africa, and BUA Cement.

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