NGX ends August bearish as capitalisation dips further by N56bn | The Guardian Nigeria News - Nigeria and World News

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Transactions on the Nigerian Exchange Limited (NGX) sustained a sliding profile yesterday, to end trading for the month of August lower, as sell-pressure in highly capitalised stocks dragged market capitalisation further by N56 billion.

Specifically, at the close of transactions yesterday, the All Share Index fell by 107.06 points or 0.27 per cent to 39.219.61 points.

The market breadth closed negative, as 16 stocks constituted the gainers’ chart while 27 others recorded price depreciation. Transcorp Hotels recorded the highest price gain of 10 per cent, to close at N5.17 kobo while Honeywell Flour Mill followed with a gain of 9.74 per cent to close at N4.28 kobo. Morison Industries appreciated by 9.73 per cent to close at N2.03 kobo.

On the other hand, Nigerian Breweries led the losers’ chart by 9.93 per cent to close at N49.45 kobo. Livestock Feeds followed with a decline of 9.83 per cent to close at N2.11 kobo while Lasaco Assurance was down by 9.74 per cent to close at N1.39 kobo.UACN Property Development Company depreciated by 7.46 per cent to close at N1.86 kobo. Neimeth International Pharmaceuticals also declined by 7.04 per cent to close at N1.85 kobo.

Source: News Formal (newsformal.com)

 

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