NGX loses N79bn as trading slumps

It was downtime as the bears dominated trading activities on the Nigerian Exchange Ltd. (NGX), with the market capitalisation losing N79 billion in trading on Tuesday.

Specifically, the market capitalization opened at N35.01 trillion and shed N79 billion to close at N34.932 trillion.

Similarly, the NGX All-Share Index decreased by 145.32 points or 0.23 per cent to close at 64,192.20 from 64,337.52 posted on Monday.

Meanwhile, the NGX ASI year-to-date return stood at 25.25 per cent.

A breakdown of the price movement shows that John Holt topped the losers’ chart with 10 per cent to close at N1.80 per share.

Ellah, Fidelity Bank, Japaul Gold, and Sovereign Trust Insurance are other losers.

However, Dangote and Abbey Mortgage Bank led the gainers’ table appreciating by 10 per cent to close at N28.70 and N1.10 per share, respectively.

NGX loses N79bn as trading slumps


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