NGX drops 0.14% amid pressure on blue-chip stocks

Friday’s trading on the floor of the Nigerian Exchange Limited closed in the negative territory, to halt three straight sessions of bullish activities.

The All-Share Index fell by 0.14 per cent to close at 39,156.28 basis points, while the market capitalisation dropped to N20.41tn as investors lost N28.04bn.

On the gainers table were 25 companies’ stocks as against 16 companies’ stocks that depreciated in prices.

The year-to-date loss of the ASI rose to -2.76 per cent, the activity chart showed.

The share price of blue-chip stocks such as Seplat Petroleum Development Company, Lafarge Africa, FBN Holdings, Zenith Bank and Access Bank advanced by 1.47 per cent, 0.48 per cent, 0.70 per cent, 0.22 per cent and 0.61 per cent respectively amid demand pressure.

Sectoral performance was positive as three out of five indices tracked closed in the green zone.

The banking, oil and gas and industrial indices rose by 0.05 per cent, 0.94 per cent and 0.03 per cent respectively, while the insurance and consumer goods indices fell by 0.56 per cent and 0.15 per cent.

At the close of the day’s trading, total deals, volume and value of stock traded rose, to keep activity positive.

The total volume of stocks rose by 82.54 per cent to 289.08 million units, valued at N3.55bn in 3,719 deals.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Get in Touch


Please enter your comment!
Please enter your name here

Related Articles