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NGX experiences post-Christmas trading losses as ASI drops by 0.34%

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After the Christmas holiday, the Nigerian Stock Exchange Limited witnessed a bearish trend with the All-Share Index decreasing by 0.34% and closing at 73,768.64 points.

The market capitalization fell to N40.367 trillion, resulting in a loss of N143 billion in equities.

Despite the decline, market breadth showed a positive trend, with 41 gainers compared to 21 losers.

There was a slight increase in trading volume, reaching 432.91 million units, up from 423.30 million units on December 22.

In terms of value, the traded value decreased to N12.94 billion compared to N16.59 billion from the previous Friday.

The top gainers include ETERNA, MANSARD, MULTIVERSE, INFINITY, and IMG, with gains ranging from 9.85% to 10.00%.

On the other hand, UACN, DEAPCAP, CALVERTON, ROYALEX, and TANTALIZER were among the top losers, with declines ranging from 6.12% to 10.00%.

JAZIBANK, TRANSCORP, UNITYBNK, GTCO, and UCAP were the top traded stocks in terms of volume; and GEREGU, GTCO, AIRTELAFRI, ZENITHBANK, and UCAP led in terms of value.

When looking at stocks worth over N1 trillion, MTNN, GTCO, ZENITHBANK witnessed price gains, while DANGCEM experienced a significant price decline impacting the market’s overall performance. Stocks like BUACEMENT, BUAFOODS, AIRTELAFRI, and SEPLAT remained unchanged.

For tier-1 banks, GTCO and ZENITHBANK recorded price gains, whereas FBNH and UBA saw price declines, and ACCESSCORP experienced no price change.

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