Victor EzejaThe Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation further declined by 0.67 per cent at the close of stock market trading on Tuesday, 6th August 2024. This reflects about N371 billion loss.
The market opened the week on Monday, 5th August with a 0.17 per cent loss after recording a 0.40 per cent gain on Friday last week.
Join our WhatsApp ChannelAccording to data on the NGX website, while the All-Share Index decreased from Monday’s 97,582.41 points to 96,928.52 points the equity market capitalisation dropped from N55.404 trillion to N55.033 trillion.
Investors exchanged 449,210,428 shares valued at N6.735 billion in 9,381 deals.
The top most traded shares on the NGX were that of UBA, Oando, Veristas Kapital, Sterling Financial Holdings and Access Holdings.
On the top gainers’ table are NASCON Allied Industries which moved from N29.50 to N32.45, gaining N2.95 or 10.00 per cent; Academy Press increased from increased from N2.00 to N2.20 gaining N0.20 or 10.00 per cent; Oando, N 27.80 to N30.55 gaining N2.75 or 9.89 per cent; Skyway Aviation Handling Company, N 20.40 to N22.40 gaining N2.00 or 9.80 per cent; and RT Briscoe, N0.92 to N1.01.
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On the other hand, the top five equity losers are BUA Cement, which decreased most from N143.20 to N128.90, losing N14.30 or 9.99 per cent; Thomas Wyatt decreased from N1.76 to N1.61, down by 15 kobo or 8.52 per cent; Champion Breweries dipped from N3.01 to N2.77, losing 24 kobo or 7.97 per cent.
Also on the losers table are Eterna which decreased from N19 to N17.60, losing N1.40 or 7.37 per cent, and Fidson Healthcare, which dropped from N14.75 to N13.75, down by N1 or 6.78 per cent.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
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