…ASI drops by 0.68% as investors lose N445bn
Decline in the share price of Industrial & Medical Gases Nigeria Plc (IMG) and other major laggards on the Nigerian Exchange Limited (NGX) caused the All-Share Index (ASI) to decrease by 0.68 percent on Wednesday, its highest dip since this week.
Investors lost about N445 billion at the close of trading on the Lagos Bourse as IMG led the league of market’s major decliners after its share price dropped from N38 to N34.20, losing N3.80 or 10 percent of its day-open value.
Read also: Banking stocks drive NGX first gain this week
UPDC REIT, another major laggard was down from N6.10 to N5.60, losing 50 Kobo or 8.20 percent, while C&I Leasing made the top losers list after its share price moved down from N3.80 to N3.50, losing 30 kobo or 7.89 percent.
The market’s year-to-date (YtD) return stood lower at +0.90 percent. This month, the market has decreased by 1.71 percent as sell pressure weighs stocks.
Read also: NGX to lose N60bn on MRS exit
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation decreased from 104,560.02 points and N65.704 trillion respectively to 103,851.88 points and N65.259 trillion.
Access Holdings, GTCO, FCMB Group, UBA and Chams were actively traded stocks as investors in 12,141 deals exchanged 351,655,167 shares worth N13.71billion.
