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Market Cap Down N134.25bn on Sell-off In Airtel, 15 Others – THISDAYLIVE

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Market Cap Down N134.25bn on Sell-off In Airtel, 15 Others Kayode Tokede The stock market of the Nigerian Exchange Limited (NGX) yesterday closed on a bearish note as the capitalisation dipped by N134.25 bill

The stock market of the Nigerian Exchange Limited yesterday closed on a bearish note as the capitalisation dipped by N134.25 billion, triggered by losses in Airtel Africa Plc and 15 others.

As measured by market breadth, market sentiment was positive, as 18 stocks gained relative to 16 losers. Thomas Wyatt Nigeria recorded the highest price gain of 9.43 per cent to close at N1.16, per share. Mutual Benefits Assurance followed with a gain 7.14 per cent to close at 30 kobo, while Academy Press went up by 5.65 per cent to close at N1.31, per share.

The total volume traded increased by 50.7 per cent to 345.491 million units, valued at N8.291 billion, and exchanged in 4,184 deals. Transactions in the shares of FBN Holdings topped the activity chart with 151.388 million shares valued at N1.697 billion. BUA Cement followed with 30.459 million shares worth N2.920 billion, while Zenith Bank traded 25.459 million shares valued at N619.714 million.

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