NGX Market Capitalization Remains Solid at N158tn as Trading Slumps 36%

Kenneth Afor
2 Min Read

Investors on the Nigerian Stock Exchange on Tuesday traded 718,707,109 shares in 71,579 deals, with market turnover reaching N29.288 billion, news.ng reports.

According to the data, today’s key performance indicators showed that trading volume declined by 36%, turnover fell by 34%, and the number of deals decreased by 22%.

Meanwhile, the NGX market capitalization remained strong, with the figure standing at N158.1 trillion (USD 116 billion).

Further details revealed that, out of the 133 equities listed for trading today, 14 recorded gains while 38 posted losses.

Among the gainers, International Energy Insurance (IEI) led the chart with a 9.86% increase in share price, closing at N5.46 per share, followed by Trans-Nationwide Express, which gained 7.14% to close at N5.10 per share.

Others included Neimeth International Pharma, whose share price increased by 6.8% to close at N11.00 per share, and LivingTrust Mortgage Bank, which gained 5% to close at N4.20 per share.

On the losing side, PZ Cussons Nigeria recorded the biggest decline, with an end-of-day depreciation of 10% to close at N88.20 per share. It was followed by Computer Warehouse Group, whose share price also declined by 10% to close at N21.60 per share.

Associated Bus Company (ABC) suffered a 9.95% loss in its share price to close at N6.88 per share, while Wema Bank recorded a 9.09% decline to close at N30.00 per share.

Elsewhere, Access Holdings recorded the highest trading volume with 113 million shares traded, followed by Zenith Bank with 38.1 million shares. Consolidated Hallmark Holdings recorded 35.4 million shares traded, while Neimeth International Pharma traded 28.8 million shares.

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A graduate of Mass Communication from Yaba College of Technology with over four years in journalism (print and electronic) in several beats including business, politics, sports and entertainment.