Business and Economy

NGX All-Share Index declines by 0.13% leading to N33.5 billion lose by Investors on Tuesday

The NGX NGX All-Share Index declined by 0.13% at the close of trading activities on Tuesday to settle at 54,299.76 points leading to a lose of N33.5 billion by Investors

Trade turnover on the exchange however settled higher when compared to Monday’s turnover as the value of transactions increased by 58.84%. In all, a total of 4,380 transactions involving 200.04 million shares worth N7.62 billion were completed. As a result, the ASI’s year-to-date (YTD) return dropped to 5.95%, and the market capitalization plummeted by N33.50 billion to close at N29.58 trillion dollars.

The decline was caused by sales of DANGCEM (-0.71%), as well as declines in ZENITHBANK (-0.40%), ACCESSCORP (-0.54%), and losses in MTNN (+0.79%) and GTCO (+0.60%). GEREGU (-5.07%) dominated the value chart with deals totaling 4.18bn, while FCMB (-7.82%) won the volume chart with 27.98m units exchanged.

On the laggard’s log, JAPAULGOLD (-9.38%) outperformed twenty-four (24) others, while CONOIL (+10.00%) outperformed sixteen (16) others on the leader’s table.

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