Market cap dips by N41.78 billion as investors sustain profit-taking – Nairametrics
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 19 basis point.
The NGX ASI closed at 42,167.91 points, to reflect a decline of 0.19% from the previous trading day and a Year-to-Date (YTD) return of 4.71%. Meanwhile, the market capitalization decreased by N41.78 billion.
At the close of market today, Friday 3rd of December 2021, the stock exchange market value currently stands at N22.00 trillion from N22.04 trillion in the previous trading day.
The market breadth closed negative as UPDC led 13 Gainers, and 18 Losers topped by FTNCOCOA at the end of today’s session.
The stock market has advanced 1,897.19 base points since the start of the year.
NGX ASI Top gainers
UPDC up +10.00% to close at N0.99
LINKASS up +9.80% to close at N0.56
NEM up +9.76% to close at N2.25
PRESTIGE up +8.51% to close at N0.51
ACADEMY up +8.33% to close at N0.39
NGX ASI Top losers
FTNCOCOA down –7.89%to close at N0.35
CHIPLC down –6.38% to close at N0.44
CHAMPION down – 5.88% to close at N2.40
COURTVILLE down – 5.13% to close at N0.37
CHAMS down –4.55% to close at N0.21
NGX ASI Top Traded by Volume
GTCO – 23,959,448 units
MBENEFIT – 20,173,985 units
ACCESS – 18,721,807 units
ETI – 9,442,128 units
UCAP – 9,425,188 units
NGX ASI Top Traded by Value
GTCO – N581,565,712.05
AIRTEL – N216,216,040.00
FLOURMILL – N193,860,643.60
ZENITH – N189,081,723.70
ACCESS – N168,320,338.85
Market sentiments trend towards the bears despite the market differential being in favour of the decliners as 13 gainers surpassed 18 losers.
