Nigerian stock market extend losses by N188.47bn on Thursday
The Nigerian stock market analysis sees the NGX all share index continued its losing streak for the sixth consecutive session, with the benchmark Index falling by 33bps to close at 99,468.90 points. The market’s weak performance was driven by bearish sentiment in SEPLAT (-8.30%), ACCESSCORP (-1.04%), and TRANSCORP (-3.63%), outweighing gains in AIRTELAFRI (+0.14%), GTCO (+0.22%), and ZENITHBANK (+0.13%).
With losses in all four trading sessions this week, the market is set for another week of decline. As a result, the year-to-date (YTD) return dropped to 33.03%, with market capitalization decreasing by ₦188.47bn to close at ₦56.27trn.
Today’s market activities analysis revealed a decrease in trade turnover compared to the previous session, with the value of transactions down by 53.99%. A total of 269.73m shares valued at ₦5.45bn were traded in 7,126 deals. FIDELITYBK (-0.48%) led the volume chart with 46.78m units traded, while SEPLAT (-8.30%) led the value chart with transactions worth ₦1.15bn. LINKASSURE (+9.80%) topped the list of twenty (20) gainers, while IKEJAHOTEL (-9.29%) led the list of sixteen (16) decliners.
