Business and Economy

NGX All-Share Index declines by 0.12% on Thursday as market capitalization lose N36.57 billion

The NGX All-Share Index (ASI) dropped by 0.12% to close at 54,359.90 points at the close of trading activities today Thursday. The year-to-date (YTD) return dropped to 6.07% and market capitalization dropped by N36.57 billion to settle at N29.61 trillion.

Trade turnover settled witnessed a 67.69% increase in transaction value and in all, 3,287 transactions totaling 222.58 million shares worth N3.04 billion were completed.

Selloffs in the stocks of ZENITHBANK (-0.40%), GTCO (-0.20%), NB (-2.63%), and GEREGU (-2.44%) were the main causes of the market’s poor performance. With 22.32 million shares traded in transactions worth N560.37 million, GTCO (-0.20%) topped the volume and value charts. CHAMS (+8.33%) led seven (7) others on the leader’s table, while GLAXOSMITH (-7.91%) led fourteen (14) other competitors on the laggard’s log.

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