Bearish Development: NGX Ends July Buying and selling with N32bn Loss

The Nigerian Change continued its bearish development for the third consecutive day this week, as traders misplaced N32bn as a result of losses suffered by Berger, Cutix, and Nigerian Aviation Dealing with Firm.

Berger, Cutix, and Nigerian Aviation Dealing with Firm dipped 10 per cent, respectively to shut at N13.50, N5.13, and N35.10.

On the shut of buying and selling on Wednesday, the All-Share Index of the native bourse and market capitalisation dipped by 0.06 per cent to 97,774.22 and N55.51tn, respectively, bringing the year-to-date to 31.70 per cent.

An combination of 1,838,183,450 models of shares was traded in 10,847 offers valued at N23.11bn.

Main the gainers’ chart have been Industrial and Medical Gases Nigeria, College Press, and Veritas Kapital Assurance Plc, which gained 10 per cent every to shut at N14.30, N2.42, and N0.99, respectively.

There was a 360 per cent enchancment in quantity, an 189 per cent enchancment in turnover, and the variety of offers rose by 4 per cent.

Constancy Financial institution recorded the very best quantity of 1.33bn traded shares, adopted by Zenith Financial institution with 83.9m models.