NGX: Market Cap Gains N248bn, Daar Communications, PZ Lead Losers' Table

NGX maintains bearish trend, sheds N62bn; Neimeth International Pharma leads Loser’s chart 

Transactions on the Nigerian Exchange Ltd. (NGX) on Tuesday remained bearish with crucial indicators declining by 0.24 percent, and the market shedding N62 billion, to close at N25.775 trillion, compared with N25.837 trillion on Monday.

Similarly, the All-Share Index, which opened at 47, 436.45 lost 113.48 points or 0.24 percent to close at 47,322.97.

The market breadth closed flat with 12 stocks on the gainers’ and losers’ tables.

A breakdown of the price movement table showed that Chams Plc topped the gainers’ table with an increase of 9.09 percent to close at 24k per share.

WAPIC trailed with a gain of 6.06 percent to close at 35k, while NPF Microfinance Bank rose by 5.33 percent to close at N1.58 per share.

Jaiz Bank was up by 3.66 percent to close at 85k, while First City Monument Bank gained by 3.08 percent to close at N3.55 per share.

Conversely, Neimeth International Pharma led the losers’ table, growing by 7.97 percent to close at N1.27 per share.

Nigerian Breweries followed with a loss of 7.66 percent to close at N45.20, while Caverton Offshore Support Group went down by 5.68 percent to close at 83k per share.

Ecobank Transnational Incorporated (ETI) decreased by 5.16 percent to close attention at N10.10, while Union bank of Nigeria declined by 4.58 percent to close at N6.25 per share.

In all, investors bought and sold 129.95 million shares valued at N1.63 billion achieved in 3,022  deals.

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