NGX closes negative with market capitalisation down N622bn

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By Cynthia Ezekwe

Trading activities on the Nigerian Exchange (NGX)  closed negative on Monday, as  market capitalisation declined by N622 billion to close at N29.281 trillion.

The All-Share-Index (ASI) depreciated by 2.07 percent to close at 53, 750.77 points.

Meanwhile, a total of 100.8 million units of shares were traded in 3,279 deals, valued at N4.34 billion.

Market breadth closed negative as COURTVILLE led 5 gainers against 21 equities that declined in their share prices, topped by NCR.

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COURTVILLE topped the gainers chart as it recorded 6.67 per cent growth to close at N0.48; NPFMCRBK was up 2.70 per cent to close at N1.90; AIICO gained 1.75 per cent to close at N0.58; FBNH appreciated 0.92 per cent to close at N11.00; while ZENITHBANK  was up 0.20 per cent to close at N25.00.

However, NCR topped the losers chart as it shed 9.79 per cent to close at N2.12; UNITYBNK lost 9.43 per cent to close at N0.48; PRESTIGE depreciated 8.89 per cent to close at N0.41; SUNUASSUR declined by 8.33 per cent to close at N0.44; while AIRTELAFRI depreciated 8.31 per cent to close at N1420.00.

At the end of trading activities on Monday, the Year-To-Date (YTD) returns settled at 4.17 per cent, while the stock market advanced by 2,155.11 basis points.

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Onome Amuge is a Nigerian journalist and content writer known for his analytical and engaging reporting on business, finance, agriculture, commodities, and technology. He is currently a journalist at Business a.m., a Nigerian business-focused newspaper, where he has authored over 360 articles covering a wide range of topics including economic trends, market analysis, and policy developments.
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