Dangote Cement shareholders lose N409 billion on sell pressure

Consequently, the Nigerian stock market closed negative amidst buy-interests and sell-offs as bears dominated proceedings for the sixth consecutive day.

The All-share Index (ASI) depreciated by 2.25% to close at 49,350.71 index points as against 50,489.73 index points the previous day. In the same vein, the overall market Capitalization declined by N614 billion or 2.25% to close at N26.618 trillion as against N27.232 trillion the previous day.

Market breadth closed negative with 16 losers against 12 gainers as Cornerstone Insurance Plc led the losers with 9.33% while NEM Insurance Plc led the few gainers with 10%.

Market Indices  

• NGX ASI: 49,350.71 points
• Previous ASI: 50,489.73 points
• % Day Change: 2.25%
• % Y-t-D: 16.78%
• Market Cap (N): 26.618 trillion
• Volume: 140.610
• Value (N): 1.600 billion
• Deals: 3,895

NGX Top ASI gainers

• NEM up +10% to close at N3.74
• PRESTIGE up +10% to close at N0.44
• ELLA LAKES up +9.78% to close at N3.93
• MULTIVERSE +9.57% to close at N2.06
• IKEJA HOTEL-+9.28 to close at N1.06

NGX Top ASI losers

• CORNERSTONE down – 9.33% to close at N0.68
• DANGOTE CEMENT down – 9.06% to close at N241.00
• JAPAUL down – 8.11% to close at N0.34
• SOVEREIGN TRUST down – 7.41% to close at N0.25
• STANBIC down – 6.45% to close at N29.00

Top 3 by Volume

• JAPAUL – 23,280,501
• AMICO – 14,848,501
• STERLING – 14,301,701

Top 3 by Value

• SEPLAT – N441,752,229
• MTNN-300,879,202
• GTCO- N160,968,657