NGX Market Cap Drops As Share Prices Of Mutual Benefit, NASCON, Others Decline

The market capitalisation of the Nigerian Exchange (NGX) closed at N125,85 trillion on Tuesday, March 10, falling below the N126.58 trillion recorded on Monday, March 9.

Also, the all-share index (ASI) decreased from 197,196.97 ASI to 196,066.11 ASI.

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Traders exchanged 746.85 million shares in 65,275 deals, worth N27.84 billion, falling below the 762.52 million shares traded in 86,488 deals, valued at N31.22 billion on Monday.

Top five gainers

Lotus Hal15’s share price increased by N10.56 kobo to rise from N105.61 kobo to N116.17 kobo per share.
Premier Paint’s share value grew by N1.60 kobo, from N16.05 to N17.65 kobo per share.
Sunu Assurance ended trading at N4.75 kobo per share, from N4.32 kobo per share – indicating an increase of N0.43 kobo.
Conoil’s share appreciated by N18.50 kobo to end trading at N204.40 kobo, having opened with N185.90 kobo.
DAAR Communication’s share value was up by N0.18 kobo, after closing at N2.01 from N1.83 kobo per share.

Top five losers

Mutual Benefit’s share price depreciated by N0.51 kobo, dwindling from N5.10 kobo to N4.59 kobo per share.
NASCON recorded a N16.40 kobo decline in its share price to end trading at N147.60 kobo after opening with N164 per share.
Redstar Express lost N3.15 kobo in its share price after trading hours, to sell at N28.55 kobo from N31.70 kobo per share.
Austin Laz recorded a N0.41 kobo decline in its share price to end trading at N3.74 kobo after opening with N4.15 kobo per share.
SCOA reported a decline of N3.05 from the previous share price of N30.95 kobo to end trading at N27.90 kobo per share.

Top five trading equities

Access Holdings reported that 80.26 million shares valued at N20.08 billion were traded on its floor.
Mutual Benefits recorded 52.67 million shares valued at N254.65 million.
Fortis Global Insurance saw investors trade 41.38 million of its shares valued at N57.71 billion.
Zenith Bank recorded 35.34 million shares exchanged on its floor, worth N3.29 billion.
Jaiz Bank reported that traders exchanged 31.51 million shares valued at N343.39 million.

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