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NGX drops N29.65 billion as GTCO maintains bearish stance



GTCO Plc closed the trading session with a lower share price after shares in the holding company witnessed selling pressures causing the price to drop 0.20% from N25.20 to N25.15 , ranking at the highest level traded in value.

The NGX closed on a negative note amid selling and buying as the benchmark All-Share Index (ASI) depreciated 12 basis points.

ASI NGX closed at 44,399.66 points, reflecting a decline of 0.12% from the previous trading day and a year-to-date (YTD) return of 3.94%. Meanwhile, the market capitalization decreased by 29.65 billion naira.

As of market close on Monday, January 17, 2022, the market value currently stands at N23.92 trillion, down from N23.95 trillion on the previous trading day.

The market extent closed negative as TIP led 16 winners and 22 losers dominated by VERITAS at the end of today’s session.

The stock market has advanced by 1,683.22 basis points since the start of the year.

NGX ASI Top Winners

  • TIP up +10.00% to close at N0.44
  • SUNUASS up +9.68% to close at N0.34
  • ETERNA up +6.95% to close at N6.00
  • WAPIC up +6.25% to close at N0.51
  • CHIPLC up +4.48% to close at N0.70

NGX ASI Top Losers

  • VERITAS down 8.70% to close at N0.21
  • MBENEFIT down 7.41% to close at N0.25
  • CORNERST down 7.27% to close at N0.51
  • BUAFOODS down 6.36% to close at 61.8N
  • COURTVILLE down 5.41% to close at N0.35

NGX ASI Top Traded by Volume

  • TRANSCORP 39,347,236 units
  • FBNH 25,495,680 units
  • GTCO 24,811,707 units
  • ZENITHBANK 20,918,370 units
  • LOYALTY 10,356,143 units

NGX ASI Top Traded by Value

  • GTCO N625 087 836.05
  • ZENITHBANK N532 963 107.60
  • FBNH N305,974,260.65
  • NB N298 158,777.25
  • MTNN N182,686,379.00

Market sentiment is trending towards the bears, with the market differential in favor of the decliners, with 16 winners being overtaken by 22 losers.




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