Nigerian Exchange Limited
Equities Market Closed in the Red on Tuesday
The Nigerian Exchange Limited (NGX) closed in the red on Tuesday despite the surge in the value traded to N12.846 billion.
The Nigerian Exchange Limited (NGX) closed in the red on Tuesday despite the surge in the value traded to N12.846 billion.
Investors exchanged 314,611,778 shares worth N12.846 billion in 4,708 transactions during the trading hours of Tuesday. Livingtrust Mortgage Bank Plc was the most traded equity as investors transacted 100,000,000 units valued at N120,000,000 in a suspected insider dealing.
MTN Nigeria came second with 42,902,336 worth N986,812,1351.80. FBN Holdings remain one of the most attractive equities in the last two weeks, maintaining its spot among the top five. Investors dumped N219,076,700.75 on 19834499 shares.
Breaking down each of the sectors, the banking sector declined by 2 basis points (bps) on a broad-based decline in the values of Fidelity Bank, Jaiz Bank, Sterling Bank and Zenith Bank. Ecobank, UBA and Union Bank of Nigeria closed slightly above the water.
The oil and gas sector also dipped by 47bps on a 3.29% decline in the value of Oando shares. The decline did not stop there as the industrial sector shed 3bps on a 0.37% depreciation in WAPCO.
Market value of listed equities depreciated to N 27.928 trillion while the NGX All-Share Index fell to 51,803.98 index points. As expected, 19 stocks closed in the red compared to 10 stocks that closed in the green.
The Exchange year to date moderated to 21.27%. See other details below.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| SOVRENINS | N 0.25 | N 0.27 | 0.02 | 8.00 % |
| CHAMS | N 0.24 | N 0.25 | 0.01 | 4.17 % |
| REGALINS | N 0.26 | N 0.27 | 0.01 | 3.85 % |
| ETI | N 10.65 | N 11.00 | 0.35 | 3.29 % |
| OKOMUOIL | N 210.00 | N 216.90 | 6.90 | 3.29 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| UPL | N 2.88 | N 2.60 | -0.28 | -9.72 % |
| NGXGROUP | N 24.60 | N 22.95 | -1.65 | -6.71 % |
| CAVERTON | N 1.05 | N 1.00 | -0.05 | -4.76 % |
| LIVESTOCK | N 1.40 | N 1.35 | -0.05 | -3.57 % |
| FIDELITYBK | N 3.40 | N 3.28 | -0.12 | -3.53 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| LIVINGTRUST | 100000000.00 | 120000000.00 |
| MTNN | 42902336.00 | 9868121351.80 |
| FBNH | 19834499.00 | 219076700.75 |
| UBA | 16120276.00 | 119985948.35 |
| ZENITHBANK | 16088472.00 | 348845758.55 |