Business and Economy

Nigerian stock market All-Share Index declines by 0.02% as investors lose N1 billion on Tuesday

Market capitalization on the Nigerian stock exchange decreased by N1 billion to close at N30.29 trillion as the All-share Index (ASI) depreciated by 0.02% to close at 55,603.94 points at the close of trading today, Tuesday. The Year-to-Date (YtD) returns settled at 7.20%. The stock market has advanced by 4,008.28 basis points since the start of the year.

Trade turnover also went down by 0.31% in transaction value with 4,187 transactions involving 159.46 million shares worth N2.48 billion completed

Selloffs in ZENITHBANK (-1.33%) and GTCO (-0.38%) countered investor enthusiasm in DANGCEM (+0.72%). ZENITHBANK (-1.33%) topped the value chart with transactions totaling 344.88m, while TRANSCORP (+0.00%) topped the volume chart with 14.42m units moved. As UACN (+7.60%) led eight (8) others on the leader’s table, CUTIX (-9.09%) outperformed fourteen (14) other laggards on the laggard’s log.

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