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NGX extends loses by N81bn on sustained profit taking margin

The nation’s bourse extended its losing streak on Friday by N81 billion on sustained profit-taking.

NGX extends loses by N81bn on sustained profit taking margin

Nigeria Stock Exchange

Specifically, the market capitalization inched lower by N81 billion or 0.34 percent to close at N23.951 trillion from N24.032 trillion recorded on Thursday.

Also, the All-Share Index dipped 150.97 points or 0.34 percent to close at 44,454.67 against 44,604.74 achieved on Thursday.

Sunu Assurances dominated the laggards’ chart in percentage terms by 8.82 percent to close at 31k per share.

Cutix trailed with 7.17 percent to close at N2.46, while Mutual Benefits Assurance lost 3.57 percent to close at 27k per share.

Jaiz Bank dipped 2.86 per cent to close at 68k while Royal Exchange was down by 2.44 per cent to close at 80k per share.

On the other hand, Fidson Healthcare led the gainers’ table in percentage terms, growing by 9.65 percent to close at N7.50 per share.

Julius Berger followed with 3.64 percent to close at N22.80, while Sterling Bank gained 3.29 percent to close at N1.57 per share.

UPDC increased by 2.61 percent to close at N1.18, while Regence Insurance added 2.22 percent to close at 46k per share.

However, the volume of shares traded rose by 26.10 percent as investors traded 405.74 million shares worth N9.83 billion in 3,880 deals.

Thus was against 321.75 million shares valued at N3.66 billion exchanged hands in 4,565 deals on Thursday.

BUA Foods was the most active stock during the day, exchanging 102.57 million shares worth N6.76 billion.

Transcorp traded 97.18 million shares valued at N110.21 million, while Access Bank sold 33.24 million shares worth N315.79 million.

FBN Holdings traded 26.55 million shares valued at N318.64 million while Jaiz Bank exchanged 25.94 million shares worth N17.82 million.

Updated: January 14, 2022 — 8:47 pm

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