Champions Breweries, Oando, Others Dip In NGX’ N55bn Fall
The Nigerian Exchange Limited (NGX) closed Tuesday trading on a negative note with Japaul Gold Plc, Champions Breweries, Oando Plc, AXA Mansard Insurance Plc and Regency Assurance Plc leading the biggest losers on the NGX.
The NGX’ All-Share Index (ASI) fell by 95.37 index points or 0.20 points to settle at 47,156.56 points down from its previous closing at 47,251.93 points.
Remarkably, the market capitalization which represents the total value of all listed equities on the Nigerian Bourse declined by N55 billion or 0.20 points to close at N25.41 trillion compared to N25.47 trillion it recorded on Monday.
The loss in the market was triggered by depreciation in the stock value of large and medium scale companies. Amongst which are ; Japaul Gold Plc, Champions Breweries, Oando Plc, AXA Mansard Insurance Plc and Regency Assurance Plc
During Tuesday’s trading session on the NGX, investors bought and sold a total of 303.48 million units of shares valued at N3.90 billion in 4,616 deals.
The market breadth closed negative with 29 laggard equities compared to seventeen companies recording gains.
The gainers’ table was dominated in percentage terms by NPF Micro Finance Bank Plc, rising by 9.52 per cent to close at N2. 53 kobo per shares.
Tier – 2 financial institution,, First City Monument Bank (FCMB) Plc followed with 7.94 per cent appreciation to close at N3.67 kobo per share, while Prestige Insurance Plc rose by 6.52 per cent to close at N0. 49 kobo per share.
In the same vein, Chams Plc and UAC Nigeria Plc jumped 4.76 per cent and 4.74 per cent of to close at N0. 22 kobo and N12. 15 kobo per share respectively.
Conversely, Japaul Gold Plc led the losers’ table in percentage terms, falling 8.82 per cent to close at N0. 31 kobo per share.
Similarly, Champions Breweries and Oando Plc declined 8.78 per cent and 6.75 per cent to close at N1. 87 kobo and N4.70 kobo per share respectively.
Also, AXA Mansard Insurance Plc lost 6.52 per cent to close at N2. 15 kobo per share, while Regency Assurance Plc depreciated by 5.26 per cent to close at N0. 36 kobo per share.
Access bank Plc closed the NGX market activity chart as the most active stock, as the lender traded 44.15 million units of shares worth N433.29 million, while Nigeria’s most profitable bank, Zenith Bank Plc closed as the most valuable company, trading a total of 28.21 million units of shares valued at N758.01 million.
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