Following losses suffered by many bluechip companies, transactions on the Nigerian Exchange Limited (NGX) resumed trading for the month of July on a downward note yesterday, as market capitalisation declined by N21 billion.
Following losses suffered by many bluechip companies, transactions on the Nigerian Exchange Limited resumed trading for the month of July on a downward note yesterday, as market capitalisation declined by N21 billion.
Yesterday’s poor performance was primarily driven by losses recorded in the shares of Fidson, NGX Group, NASCON, Zenith Bank, UACN, Nigerian Breweries and Custodian and Allied Insurance. A review of trading during the day showed that Linkage Assurance led gainers table, increasing by 10 per cent to close at N1.10 kobo, Africa Prudential followed with a gain of 9.76 per cent to close at N9.
On the contrary, Etranzact recorded the highest loss with 10 per cent to close at N4.50 kobo. Fidson Healthcare trailed with a loss of 9.70 per cent to close at N13.50 kobo, Cornerstone dipped by 9.52 per cent to close at N1.90 kobo, Lasaco Insurance was down by 9.41 per cent to close at N2.31 kobo, UPDC REIT fell by 8.26 per cent to close at N5.
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