NGX: Investors Lose N30 Billion In One Day

By Tolulope Oke

At the close of trading on Monday, Nigerian Exchange Limited’s (NGX) equity market had lost N30 billion as the share prices of 18 companies fell.

Investors transacted a total of 200.92 million shares worth N1.45 billion in 3,976 deals by the close of trading on the NGX floor on Monday.

The market capitalization decreased to N26.964 trillion from N26.994 trillion as the NGX All-Share Index closed at 49,991.41 basis points on Monday as opposed to 50,045.83 on Friday.

Twelve firms had an increase in share prices, while 18 businesses saw share prices plummeted.

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The highest trading volume was generated by Sterling Bank, which sold 90.9 million shares worth N131.9 million, followed by Fidelity Bank with 11.6 million shares worth N39.7 million, UBA with 10.7 million shares worth N76.8 million, GTCO with 10.0 million shares worth N199.2 million, and Zenith Bank with 9.5 million shares worth N203.1 million.

Lafarge Africa decreased by 4.20 percent to N23.95, NGX Group decreased by 4.55 percent to N21.00, Japaul decreased by 9.09 percent to 30 Kobo, and Cutix decreased by 3.77 percent to quote at N2.04.

While the consumer goods index increased by 0.55 percent and the energy counter closed flat, the banking sector lost 0.91 percent, the industrial goods index declined by 0.35 percent, and the insurance sector lost 0.07 percent