Investors lose N120bn as NGX index slips 0.13%
Equity investors on the Nigerian Exchange (NGX) lost N120 billion on Tuesday as the All-Share N92.28 trillion from N92.40 trillion in the previous session, trimming the year-to-date return to 41.72 per cent from 41.90 per cent.
The decline was driven by selloffs in WAPCO (-2.14 per cent), Zenith Bank (-1.96 per cent), and GTCO (-1.31 per cent), which outweighed gains in UACN (+9.72 per cent), Custodian (+8.18 per cent), and Wema Bank (+5.75 per cent).
Market activity was mixed as trade volume rose by 5.06 per cent, while value dropped by 16.65 per cent. UNIVINSURE (+9.77 per cent) led the volume chart with 193.43 million shares traded, while Access Holdings (-0.18 per cent) topped the value chart at N2.35 billion.
Market breadth closed positive at 2.48x, with 51 gainers against 20 decliners. BUA Foods (+10.0 per cent) was the top gainer, while Thomas Wyatt (-10.0 per cent) led the losers.
At the NASD OTC Securities Exchange, the NASD Securities Index shed 0.63 per cent to 3,591.9 points, with market capitalisation declining to N2.15 trillion. Volume dropped by 61.25 per cent, while value jumped by 715.52 per cent. SDIGIPLCB (+9.43 per cent) led gainers, as SDMIXREAL (-9.78 per cent) topped the losers’ chart.
