The Nigerian Exchange Limited on Wednesday experienced a N35bn decline in market capitalization with big stocks experiencing decline. On the list were MTN Nigeria (-0.63%), Dangote Sugar (-1.64%), Lafarge Africa Plc (-1.34%), United Bank for Africa(-0.24%) and FBN Holdings (-4%) where big stocks that were highlighted to have a decline in yesterday market.
On Tuesday, the NGX All-Share Index and Market capitalization declined by 0.09% to close yesterday at 71,066.64 and N39.082 trillion that was recorded at the close of Tuesday market.
Even though the NGX experienced decline in its market capitalization and market breath inspired by investors sentiment, 36 stocks experienced gain, while 15 stocks declined.
The gainers were led by RT Briscoe, Daar Communications and Unity Bank with a 10 per cent gain respectively to close at N0.33, N0.66 and N1.54. MeCure Industries gained 9.96 per cent to close at N7.62, Multiverse gained 9.82 per cent to close at N4.81 and Secure Electronic Technology Plc which gained 9.52 per cent to close at N0.46 per unit.
Top gainers: Gainers in yesterday's market were led by RT Briscoe, Daar Communications and Unity Bank with a 10% gain respectively to close at N0.33, N0.66 and N1.54. MeCure Industries gained 9.96% to close at N7.62, Multiverse gained 9.82% to close at N4.81 and Secure Electronic Technology Plc which gained 9.52% to close at N0.46 per unit.
Read more: https://www.investingport.com/ngx-m...ined-by-n35-billion-as-major-stocks-declined/