Home Life Style Good News – Bears win market dominance as profit-taking weighs down market cap by N80.44 billion

Good News – Bears win market dominance as profit-taking weighs down market cap by N80.44 billion

by Good News

Good News – On the discontinuance of on the present time’s trading session, the Nigerian Alternate market closed on a destructive display veil amidst promote-offs and pick-pursuits because the benchmark All-Piece Index (ASI) depreciated by 38 basis elements.The NGX ASI closed at 40,714.00 elements, to evaluate a loss of 0.38% from the old trading day and a Year-to-Date (YTD) return of 1.10%. Within the period in-between, the market capitalization diminished by N80.44 billion.On the discontinuance of market on the present time, Monday,11th of October 2021, the inventory change market price for the time being stands at N21.22 trillion from N21.30 trillion within the old trading day.The market breadth closed flat as NEM led 17 Gainers, and 17 Losers topped by SOVRENINS on the discontinuance of on the present time’s session.The inventory market has advanced 443.28 basepoints since the initiating of the twelve months.NGX ASI Top gainersNEM up +9.95% to discontinuance at N2.10ETI up +9.52% to discontinuance at N6.90CHAMPION up +9.52% to discontinuance at N2.30ROYALEX up +8.77% to discontinuance at N0.62WAPCO up +4.93% to discontinuance at N24.50NGX ASI Top losersSOVRENINS down –8.33% to discontinuance at N0.22NB down –6.06% to discontinuance at N46.50AIICO down –5.26% to discontinuance at N0.90UPL down –5.06% to discontinuance at N1.50UNIVINSURE down –4.55% to discontinuance at N0.21NGX ASI Top Traded by Volume FBNH – 24,153,582 objectsETI – 19,338,618 objectsCHAMS – 17,697,182 objectsZENITHBANK – 12,225,611 objectsGTCO – 12,102,824 objectsNGX ASI Top Traded by MarkBUACEMENT – N359,353,667.00GTCO –  N343,623,625.15ZENITHBANK – N300,714,037.70NESTLE –  N251,286,421.60FBNH –  N234,249,457.00Market sentiments trend in the direction of the bears with the market differential being flat as 17 gainers equal 17 losers.

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