NGX: Market value sheds 54 Billion, as Fidson, Lasaco and Dangote Cement Equity dipped
Trading resumed on Monday on the floor the Nigerian Stock Exchange with a Fifty-Four-Billion-Naira loss as the NGX NSI dipped by Zero Point Two-Seven percent.
Fidson Healthcare, LASACO Assurance Plc and Dangote Cement equity price reduction triggered the loss recorded on Monday’s trading.
The equity capitalization closed negative at Twenty Point Zero-Eight Trillion, a Fifty-Four Billion Naira decline from twenty point one-four it closed on Friday.
This forced the NGX All Share Index to close at Thirty-Eight Thousand, Five Hundred and Forty-Three Point Three Points, From Thirty-Eight Thousand, Six Hundred and Forty-Eight Point Nine One points it closed on the previous day.
The gainers however were higher than the decliners as the market sentiment by breadth was dominated by the bulls, with Eighteen bullish transactions against Seventeen bearish deals.
Two Hundred and Nine Point Two Million shares exchanged hands on the floor, valued at One Point Seven-Six Billion Naira in Three Thousand Three Hundred and Ninety deals.
Meyer, Champions Breweries, Julius Berger, and Regency alliance insurance plc were on top of the gainers chart with Fidson Healthcare, LASACO Assurance Plc FTN cocoa Processors and Mutual Benefit Insurance plc leading the laggards.
On the activity chart, Zenith bank Equity was the delight of investor recording about Three Hundred and Five transactions with the highest value of traded stock at Three Hundred and Eighty-Three Point Five Eight-Three Million Naira.
