Profit-Taking Move: NGX Records N24bn Decline in Value as Investors Cash In

After the close of Thursday's market yesterday, the Nigerian Exchange (NGX) signaled a negative trend as investors took profits from Wednesday's gain.

The All-Share Index (ASI) traded as low as -0.06% to close at 67,335.30 index points against the record of the previous day's session which showed that the ASI closed at 67,378.88.

Also, market capitalization lost N24 billion to close to N36.853 trillion on Thursday. This showed a 0.06% decline from the previous day which recorded a total of N36.877 trillion. 

A Close Look at Market Indices

Below you can see the market indices for Thursday's trading session.

• NGX ASI: 67,335.30 points

• % Day Change: -0.06%

• % YTD: +31.38%

• Market Cap: N36.853 trillion

• Volume Traded: 788.54 million

• Value: N14.17 billion

• Deals: 8,810

Performance of Stocks

Market breadth for Thursday's trading session finished negative as CHELLARAM led the winner's chart with a 10.00% increase, while ETRANZACT led the losers' chart with -10.00% and UBA led as the most traded stock by volume yesterday.

A Look at Top Gainers and Losers From Yesterday's Trading Session

Top Gainers: CHELLARAM, LEARN AFRICA, and ACADEMY traded for +10.00%, +9.97%, and +9.94%, respectively.

Top Losers: ETRANZACT, IKEJAHOTEL, and ABC TRANSPORT traded for -10.00%, -9.84%, and -9.78%, respectively.

Top Traded Stocks: UBA, STERLING, AND CHIPLC traded for 301.02 million units, 82.48 million units, and 46.03 million units, respectively.

Top Traded Value: UBA, OANDO, and STERLINGNG traded for N4.89 billion, N383.75 million, and N313.28 million, respectively.