Business and Economy

Investors lose N13 billion as the All Share Index falls by another 0.05% on Thursday

The All-Share Index of the Nigerian stock exchange fell by 0.05% to close at 52,994.13 points on Thursday with Market Capitalization declining by N13 billion to close at N28,869 trillion while the Year-to-Date (YtD) returns settled at 2.71%.

Trade turnover was lower with a decrease in transaction value of 27.88%. In a total of 3,651 transactions, 266.95 million shares worth N1.93 billion were completed. TRANSCORP (-0.72%) headed the volume chart, while ZENITHBANK (+0.00%) dominated the value chart with transactions totaling 487.11 million.

Gains in FBNH (+0.91%), UBA (+2.40%), and OANDO (+0.71%) were offset by declines in GTCO (-1.21%), WAPCO (-0.77%), and ACCESSCORP (-0.56%), The three largest laggards on the broader index during the week were GTCO (-4.31% w/w), ZENITHBANK (-1.35% w/w), and AIRTELAFRI (-10.00% w/w). In the laggard’s log, UPL (-10.00%) outperformed fourteen (14) other companies, while AIICO (+5.26%) outperformed eight (8) others.

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