Nigerian stock market begins the week with a loss of 0.05%

Nigerian stocks started the week with a loss of 0.05% on the All-Share Index to finish at 54,888.48 points. As a result, the year-to-date (YTD) return decreased to 7.10%, and the market capitalization decreased by 14.66 billion to close at 29.90 trillion.

Trade turnover closed with the value of transactions increasing by 83.83%. 3,066 transactions involving 1.17 billion shares worth N2.88 billion were completed.

The market performed poorly as a result of renewed demand in ZENITHBANK (+0.61%), GTCO (+0.41%), and WAPCO (+1.20%), which was countered by selloffs in NB (-3.14%), STANBIC (-8.52%), and DANGSUGAR (-0.54%). A

With 1.07 billion units exchanged in transactions totaling $1.58 billion, NEIMETH (+1.37%) topped the value and volume charts. On the leader’s log, ACCESSCORP (+7.14%) outperformed seventeen (17) other companies, while WAPIC (-9.52%) outperformed nine (9) other companies.