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BUAFOODS’ ascension to SWOOTs not enough to stop NGX from shedding N190 billion



BUA Cement Plc

BUA Cement Plc

The consumer goods sector closed bullish majorly attributable to BUAFOODS adding N98.1 billion in market capitalization, pushing its share value over a trillion Naira. This was not enough to stop the bears as the sell-off from cement producers, Dangote and BUA saw the market ending the trading day in the red, shedding approximately N190 billion in capitalization.

The All-share Index (ASI) lost 0.70% from 50,014.60 basis points to close at 49,664.07 basis point. In the same vein, the market capitalization also lost 0.70% to close at N26.79 trillion. Year-to-Date (YtD), the NGX is still one of the top performing markets in the world as it has gained 16.26% so far.

Market breadth closed negative as BUAFOODS led 19 gainers while 24 losers were topped by BUACEMENT at the end of today’s session. On a sectoral level, 2 of the 5 major indices of the Nigerian Exchange closed positive. NGX Consumer Goods and Insurance indexes gained 2.82% and 1.75% respectively. NGX Banking, Industrial and Oil & Gas indexes lost 0.19%, 4.61% and 0.16% respectively.

Market Indices 

  • NGX ASI: 49,664.07 points
  • Previous ASI: 50,014.60 points
  • % Day Change: -0.70%
  • % Y-t-D: 16.26%
  • Market Cap (N): 26.79 trillion
  • Volume: 750,285,275
  • Value (N): 5.31 billion
  • Deals: 4,076

NGX Top ASI gainers

  • BUAFOODS up +10.00% to close at N59.95
  • NEM up +9.98% to close at N4.41
  • COURTVILLE up +9.80% to close at N0.56
  • IKEJAHOTEL up +9.48% to close at N1.27
  • MULTIVERSE up +8.44% to close at N2.44

NGX Top ASI losers  

  • BUACEMENT down – 9.95% to close at N52.95
  • CHAMS down – 9.68% to close at N0.28
  • CUTIX down – 8.89% to close at N2.05
  • ELLAHLAKES down – 6.98% to close at N4.00
  • UNITYBNK down – 6.52% to close at N0.43

Top 3 by Volume  

  • ETRANZACT – 77,567,109
  • WAPIC – 37,075,197
  • FBNH – 30,528,539

Top 3 by Value 

  • FBNH – N333,236,751.70
  • ZENITHBANK – N207,375,852.20
  • ETRANZACT – N176,855,642.58

... BUAFOODS’ ascension to SWOOTs not enough to stop NGX from shedding N190 billion Read More on ... Naijaonpoint.



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