NGX equities market dips further by N37bn

The market capitalisation of listed stocks at the Nigerian Exchange Group Limited, NGX, fell again on Thursday, extending the previous day’s loss.

Investors saw a N37 billion loss in market capitalisation, reflecting a 0.12% drop to close at N30,468 trillion, down from N30.505 trillion on Wednesday.

Similarly, the All-Share Index fell by 67.93 basis points, or 0.12%, to settle at 55,956.59, down from 56,024.52 points the previous day.

At the end of Thursday’s trading session, 42 equities were listed as gainers, while 13 were listed as losers.

Profit-taking actions in ETRANZACT, JAPAUL Gold, PRESTIGE, NSL TECH, SOVRENINS, and Unity Bank shares gained 10% apiece to close at N4.84k, N0.44k, N0.33k, N0.44k, and N0.66.

MRS followed with a 9.96% gain on its share price to close at N59.60k while CORNERST had a 9.90% profit on its share price to close at N1.11k.

On the other hand, JOHN HOLT led the decliners table with a loss on its share price of 9.68% to close at N1.40k. CAVERTON was next with a loss on its share price of 7.14% to conclude at N1.30k, while WAPIC shares fell by 6.52% to close at N0.43k.

Despite this, the market recorded positive gains in transactions, volume, and value, increasing by 7.98%, 33.74%, and 17.52%, respectively, to end at 6,061, 531.78 million shares valued at N7.68 billion.