Business and Economy

Nigeria stock market value dips with the benchmark index suffering a loss of 0.24%

The Nigerian stock market value dipped today resulting in a 0.24% decline in the benchmark index to end at 97,473.98 points. The sell pressures on blue-chip stocks like ZENITHBANK (-0.86%), FBNH (-2.00%), and UBA (-2.34%) were the main factors behind the market’s negative performance. As a result, the year-to-date (YTD) figure dropped to 30.36%, and the market capitalization decreased by ₦132.65bn to close at ₦55.13trn.

Trade turnover was 48.90% lower than the previous session, with 306.60 million shares traded at a value of ₦5.81 billion in 7,951 transactions. ACCESSCORP (+0.00%) led the volume chart with 33.23m units traded, while GTCO (+0.12%) led the value chart with transactions worth ₦1.36bn. LEARNAFRCA (+10.00%) topped the list of twenty (20) gainers, while DANGSUGAR (-10.00%) led the list of seventeen (17) losers.

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