NGX Loses N37 Billion in Market Cap as the Bears Take the Day

As the benchmark All-Share Index (ASI) depreciated by 15 basis points, the NGX closed on a negative note among sell-offs and buy-interests.

The NGX ASI ended the day at 46,893.86 points, down 0.15 percent from the previous trading day and a 9.78 percent year-to-date return. In the meantime, the market capitalization has dropped by N37.93 billion.

The stock exchange market value currently stands at N25.27 trillion at the end of the business day on Monday, March 28th, 2022.

At the end of today's session, the market breadth was flat, with BETAGLASS leading 18 gainers and LEARNAFRI leading 18 losers.

Since the beginning of the year, the stock market has risen by 4,177.42 basis points.

NGX Top ASI gainers

• BETAGLASS up +9.92% to close at N58.20
• PZ up +9.68% to close at N10.20
• LIVESTOCK up +9.03% to close at N1.69
• LINKASS up +8.00% to close at N0.54
• JAIZBANK up +6.06% to close at N0.70

NGX Top ASI losers

• LEARNAFRI down – 9.68% to close at N1.96
• UNITYBANK down – 8.16% to close at N0.45
• CAVERTON down – 7.09% to close at N1.18
• FCMB down – 6.89% to close at N3.11
• TRANSCORP down – 6.54% to close at N1.00

NGX ASI Top Traded by Volume

• TRANSCORP – 92,000,946
• STERLING – 50,738,578
• FIDELITY – 46,676,650

NGX ASI Top Traded by Value

• SEPLAT – N368,369,091.00
• ZENITHBANK – N309,638,095.30
• GTCO – N294,379,438.65

Market sentiment is leaning to the downside, with the market differential remaining unchanged at 18 gainers to 18 losers.