back to top

Nigerian Stock Market Declines by 0.08%

Nigerian Stock Market Declines by 0.08%

Date:

 On the first trading day of the week (after two days of public holidays), the Nigerian stock market went down by 0.08% as the All-Share Index to settle at 99,840.95 points. Sell pressure in telco giant, MTNN (-2.67%), alongside FBNH (-2.65%) and UBA (-1.34%) drove the market’s weak performance, outweighing gains in GTCO (+1.90%), ACCESSCORP (+1.88%) and TRANSCORP (+3.20%). As a result, the year-to-date (YTD) return declined to 33.52%, while market capitalization lost ₦47.62bn to close at ₦56.48trn.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 233.02%. A total of 1.38bn units of shares valued at ₦16.48bn were exchanged in 9,899 deals. FIDELITYBK (+8.50%) led the volume and value chart with 1.05bn units traded in deals worth ₦11.32bn.

Market breadth closed positive at a 2.60-to-1 ratio with advancing issues outnumbering declining ones. UPL (+10.00%) topped thirty-eight (38) others on the gainer’s table, while CAVERTON (-9.62%) led fourteen (14) others on the loser’s table.

 

Highlight of Market Activities

 

Indicators Current      Change (%) YTD
All-Share Index 99,840.95 -0.08 +33.52
Market Cap. (₦ ‘trillion) 56.48 -0.08 +38.03
Volume (millions) 1,383.48 +334.92  
Value (₦ ‘billion) 16.48 +233.02  

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Wale Edun Thanks President Tinubu for the Opportunity He Gave Him to Serve Nigeria

Mr. Wale Edun who was removed today as Minister...

Kaduna, FG, Global Partners Reaffirm Commitment to Bring 100,000 Out- of-School Children Back to School

Kaduna State has hosted a high-level monitoring meeting for...

Christian Women Organisation Warns Mothers Against Leaving Child Upbringing to Domestic Aides

Christian Women Organisation Warns Mothers Against Leaving Child Upbringing...

Nigerian Exchange Expands Trading Window from 9:00 A.M. to 4:00 P.M

Nigerian Exchange Limited (NGX) announces the expansion of its...