QUICK LINKS

×
  • Business - Market Data
  • Updated: January 14, 2022

Corner Stone Insurance 97.42% Loss Results To -0.01% NGXASI Drop

Latest News

Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

More From this Author

The NGX equity market reversed slightly the gains it recorded in the previous day's trade as a massive loss from CORNERST (-97.42%) and a mild loss from STANBIC (-0.80%) were strong enough to create a bearish closure. Thus, the all-share index fell by -0.01% from its’ previous session position of 44,608.80 basis points to close at 44,604.74 basis points.

Consequently, the all-share index figure of 44,604.74 basis points declined by 4.08 bps from the 52-week highest resistance point of 44,608.80 bps.

As a result, the Week-to-Date (W-t-D), Month-to-Date (M-t-D), and Year-to-Date (Y-t-D) gains have all been moderated to +4.23%, +4.43%, and +4.43%, respectively.

Meanwhile, the ASI's narrow decline of -0.01% was influenced majorly by a drop in the value of shares traded yesterday, as the total volume of trade increased by +20.84% to 321.84 million units, as against its previous session figure of 266.33 million units traded. These shares’ values, which decreased by 2.63%, were worth NGN3.77 billion and exchanged in 4,565 deals as against NGN3.8 billion traded previously.

As a result of the traders’ lack of motivation witnessed yesterday, the equity market capitalization suffered a loss of NGN1.32 billion to close at NGN24,032.21 trillion, as against the previous session's gain that saw it close at NGN24,033.52 trillion.

TRANSCORP (+9.71%) was the most traded stock by volume with 104.6 million units, while the inactivity of SEPLAT (+0.00%) and MTNN (+0.00%) was still enough for them to dominate the value section of trade yesterday with NGN920.6 million and NGN590.8 million.

Finally, as measured by market breadth, market sentiment was negative, as 16 companies’ stocks lost relative to 14 gainers.

The most gains were made by TRANSCORP (+9.71%), which closed trading at NGN1.13/unit, CHIPLC (+7.94%), which closed trading at NGN0.68/unit, REGALINS (+7.14%), which closed trading at NGN0.45/unit, and JAIZBANK (+6.06%), which closed trading at NGN0.70/unit, while CORNERST (-97.42%), which closed trading at NGN0.55/unit, NEM (-10.00%), which closed trading at NGN3.96/unit, CUSTODIAN (-9.49%), which closed trading at NGN7.15/unit, UACN (-5.21%), which closed trading at NGN9.10/unit, and FTNCOCOA (-5.13%), which closed trading at NGN0.37/unit, suffered the most losses.

Tags

Join our Telegram platform to get news update Join Now
Okojie Kelvin Echiejile
Okojie Kelvin Echiejile

I am an astute, dedicated, devoted, and intelligent investigator of economic, and financial news and...

More From this Author

TOP 5 MARKET LOSERS

Index Open Close Change
LAFARGE AFRICA PLC 25.45 23.20 -8.84
NIGERIAN AVIATION HANDLING COMPANY PLC 5.80 5.30 -8.62
HONEYWELL FLOUR MILL PLC 2.81 2.63 -6.41
U A C N PLC 11.20 10.60 -5.36
AIICO INSURANCE PLC 0.57 0.54 -5.26
More Market Data

0 Comment(s)

SPONSORED

Nov 25, 2020

2023 Presidency: Would you vote for APC again in 2023?

2023 Presidency: Would you vote for APC again in 2023?

Yes 27.53%

No 72.47%

142 days 5 hours remain

See this post in...