NGX Extends Losing Streak as Investors Lose ₦939bn

June 19 () — The Nigerian Exchange (NGX) ended Friday’s trading session on a negative note as sustained profit-taking in major banking and industrial stocks extended the market’s losing streak, eroding approximately ₦939 billion from investors’ wealth.

Market capitalisation declined from ₦152.266 trillion at the opening of trade to ₦151.327 trillion at the close, while the All-Share Index (ASI) shed 1,463.65 points to settle at 235,941.27, down from 237,404.92 recorded in the previous session.

Investor sentiment remained weak as market breadth closed negative with 21 gainers against 31 decliners, underscoring the cautious mood that dominated trading activities throughout the session.

Top 5 Gainers

1. DEAPCAP gained 9.89 percent, (rising from N4.45 to N4.89).

2. RTBRISCOE appreciated by 9.62 percent, (advancing from N11.95 to N13.10).

3. INTENEGINS climbed by 7.43 percent, (moving from N4.71 to N5.06).

4. JAIZBANK rose by 7.14 percent, (increasing from N8.40 to N9.00).

1. NAHCO lost 10.00 percent, (falling from N165.00 to N148.50).

2. ROYALEX declined by 10.00 percent, (dropping from N1.70 to N1.53).

3. GTCO shed 9.97 percent, (retreating from N128.35 to N115.55).

4. FIRSTHOLDCO depreciated by 9.84 percent, (sliding from N61.00 to N55.00).