Equity investors lose N275bn

Equity market of the Nigerian Exchange (NGX) on Monday opened the trading week on a negative note as investors’ portfolio balance reduced by N275 billion. The local bourse slipped with the All-Share Index (ASI) declining 0.21% to close at 200,484.43 points. The selloffs pulled NGX’s year-to-date return backwards to +28.84% and wiped N275.14 billion from […]

Equity market of the Nigerian Exchange (NGX) on Monday opened the trading week on a negative note as investors’ portfolio balance reduced by N275 billion.

The local bourse slipped with the All-Share Index (ASI) declining 0.21% to close at 200,484.43 points.

The selloffs pulled NGX’s year-to-date return backwards to +28.84% and wiped N275.14 billion from market capitalisation, which settled at N128.69 trillion.

Trading activity was mixed, as turnover and deal count rose 4.83% and 38.84% to N25.65 billion and 60,311 transactions, respectively, even as volume edged down marginally by 0.32% to 593.25 million shares.

Stockbrokers reported that market breadth was negative at 0.8x, as 34 decliners led by NSLTECH, MAYBAKER, LEGENDINT, CUTIX, and FTGINSURE outpaced 26 advancers, with AUSTINLAZ, ZICHIS, TRANSEXPR, TIP, and LEARNAFRICA recording the most notable gains.Real-time market data

Sectoral performance was broadly weak, as  Insurance (-1.38%), Banking (-0.81%), Industrial (-0.45%), and Consumer Goods (-0.01%) collectively weighed on the index, while Oil & Gas (+0.10%) was the lone gainer and the Commodity sector closed flat.