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Nigerian Stock Market Declines by 0.08%

Nigerian Stock Market Declines by 0.08%

By: nextadmin

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  

 
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