NEWS
NGX Market Capitalisation Slips ₦93bn As All-Share Index Falls 0.06 Percent
NGX Market Capitalisation Slips ₦93bn As All-Share Index Falls 0.06 Percent
Market capitalisation declined marginally by ₦93 billion to ₦163.824 trillion.
The All-Share Index shed 143.58 points to close at 252,313.16.
Market breadth improved, with 32 gainers against 21 decliners, as Champion Breweries led the advancers with a 10.00 percent gain.
November 10, () – The Nigerian Exchange Limited (NGX) recorded a marginal decline on Tuesday, as market capitalisation slipped by ₦93 billion from ₦163.917 trillion at the opening to ₦163.824 trillion at the close of trading.
The All-Share Index (ASI) also shed 143.58 points, representing a 0.06 percent decline from 252,456.74 to 252,313.16 points. The downturn followed Monday’s strong recovery, when market capitalisation gained ₦2.324 trillion and the benchmark index advanced by 1.44 percent.
Despite the marginal decline in the overall market, trading breadth remained positive, with 32 equities appreciating in price against 21 decliners. This marked an improvement from Monday’s session, when 21 stocks gained while 28 recorded losses, indicating stronger participation among advancing equities.
Top Gainers
Champion Breweries advanced by 10.00 percent (₦8.50 to ₦9.35).
Honeywell Flour Mills gained 9.90 percent (₦29.30 to ₦32.20).
Continental Reinsurance rose by 8.75 percent (₦2.97 to ₦3.23).
Sovereign Trust Insurance appreciated by 8.41 percent (₦2.14 to ₦2.32).
UPL gained 8.33 percent (₦4.20 to ₦4.55).
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Top Decliners
NAHCO fell by 9.99 percent (₦151.20 to ₦136.10).
Red Star Express declined by 9.85 percent (₦13.70 to ₦12.35).
LivingTrust Mortgage Bank shed 9.79 percent (₦2.86 to ₦2.58).
Abbey Mortgage Bank lost 5.22 percent (₦6.70 to ₦6.35).
Caverton Offshore Support Group declined by 4.29 percent (₦3.50 to ₦3.35).
Channel
Several equities closed unchanged during the session, including MTN Nigeria Communications, Seplat Energy, Presco Plc, Livestock Feeds, Custodian Investment Plc and John Holt Plc, among others.
The session reflected a divergence between the overall market performance and the movement of individual equities. Although the ASI and market capitalisation recorded marginal losses, the higher number of advancing stocks suggested that buying interest remained active across several counters.
The unchanged positions of major equities, including MTN Nigeria Communications, Seplat Energy, Presco and Custodian Investment, further reflected mixed trading activity during the session.
Investors will be watching whether the positive market breadth translates into a recovery in the benchmark index in subsequent sessions. Sustained advances across more equities could help strengthen the market, while continued weakness in selected large-cap stocks may keep the ASI under pressure.
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