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Market cap sheds N12.14 billion as NGX closes negative


The Nigerian Exchange closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 5 basis points.

The NGX ASI closed at 43,707.30 points, to reflect a decline of 0.05% from the previous trading day and a Year-to-Date (YTD) return of 8.53%. Meanwhile, the market capitalization decreased by N12.14 billion. At the close of market today, Wednesday 10th November 2021, the stock exchange market value currently stands at N22.81 trillion from N22.82 trillion in the previous trading day.

The market breadth closed positive as NEIMETH led 18 gainers and 19 losers, topped by REDSTAREX at the end of today’s session. The stock market has advanced 3,436.58 base points since the start of the year.

NGX ASI top gainers

  • NEIMETH up +10.00% to close at N1.98
  • CHAMS up +9.09% to close at N0.24
  • MBENEFIT up +8.00% to close at N0.27
  • HONYFLOUR up +6.95% to close at N3.54
  • CAVERTON up +5.88% to close at N1.80

NGX ASI top losers

  • REDSTAREX down –9.86%to close at N3.29
  • PHARMDEKO down –9.83% to close at N2.11
  • ABCTRANS down – 9.09% to close at N0.30
  • FTNCOCOA down –9.09% to close at N0.40
  • CHIPLC down –8.33% to close at N0.55

NGX ASI top traded by volume

  • FLOURMILL – 50,595,395 units
  • TRANSCORP – 38,919,930 units
  • FBNH – 21,492,837 units
  • ETI – 19,152,675 units
  • GTCO – 14,574,010 units

NGX ASI top traded by value

  • MTNN – N1,488,708,781.80
  • FLOURMILL – N1,474,556,706.50
  • NESTLE – N454,828,096.60
  • GTCO – N402,952,272.85
  • ZENITHBANK – N276,166,542.50

Market sentiments trend towards the bears with the market differential being in favour of the decliners as 18 gainers were surpassed by 19 losers.

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Akinola Olusegun is a blogger and publisher of this blog, You can also check out his other blogs : (videos & news), (e-commerce), (news) among others. Follow him via any or all of his social media pages to get fresh posts update.

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