Nigerian stock market declines by 0.20% or N58.28 billion at close of Tuesday trading activities
The Nigerian stock exchange NGX All-Share Index lost 0.20% to close at 52,296.48 points. As a result, the ASI’s year-to-date (YTD) return dropped to 2.04%, and the market capitalization dropped by N58.28 billion to close at N28.48 trillion.
The dismal performance was caused by selloffs in WAPCO (-1.66%), GEREGU (-10.00%), and ETI (-0.90%), which counterbalanced demand for MTNN (+0.57%), ZENITHBANK (+3.07%), and GTCO (+3.17%).
Trade turnover was lower compared to Friday’s with a 60.59% decrease in transaction value. In all a total of 6,250 transactions involving 550.29 million shares worth N5.15 billion were completed. With 150.07 million units traded in transactions totaling N1.57 billion, ACCESSCORP (+2.46%) topped the volume and value charts.
On the leader’s log, CONOIL (+10.00%) outperformed twenty-four (24) other competitors, while GEREGU (-10.00%) outperformed seventeen (17) other competitors.
