Nigerian Exchange Group Closes Negatively, Drops from N20.591trn to N20.582trn

Nigerian Exchange Group has suffered a marginal loss as trading at NGX Limited saw the market capitalization taking off from N20.591 Trillion but went down to N20.582 Trillion.

According to reports making the rounds, the group began the week on Monday, losing N9 billion. The share index reportedly went from 16.94 points and eventually closed at 39,505.40 from the initial figure of 39,522.34.

Arguably, a capital analyst hinted that the market closed positively with 24 gainers as against 15 losers, which indirectly speaks a lot about the present state of the market.

It was gathered that the adverse market’s performance was influenced by price depreciation in both large and medium capitalized stocks.

Nigerian Exchange Group

The precise explanation for the above paragraph speaks about transitionally incorporated firms like CAP, Lafarge Africa, Zenith, Fidelity and Eco-banks, to mention a few.

The report also mentioned companies that ended up on the gainers’ chart, while others didn’t quite live up to expectations as they failed to meet the targeted money.

Also, the total volume of trades declined by 25.2 per cent to 141.28 billion units valued at N1.64 billion exchanged in 3,393 deals.

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