Business and Economy

Nigerian stock market goes down by 0.18% on Monday

The Nigerian stock market ended its five-day winning run today as the All-Share Index dropped 0.18% to close at 99,118.86 points. The market’s poor performance was driven by selloffs in FBNH (-4.69%), UBA (-1.35%), and ACCESSCORP (-0.29%). As a result, market capitalization dropped by ₦102.55bn to finish at ₦56.07trn, and the year-to-date (YTD) return dropped to 32.56%.

Trade turnover settled at a lower level than it did in the previous session, with a 38.92% decrease in transaction value. 8,082 transactions totaling 349.59 million shares valued at ₦5.24 billion were completed. With 57.95 million units traded, VERITASKAP (+8.47%) headed the volume chart, while GTCO (+0.00%) led the value chart with deals totaling ₦47.63 billion. On the gainer’s log, CORNERST (+10.00%) outperformed twenty-one (21) others, while on the laggard’s table, ETRANZACT (-9.82%) outperformed fifteen (15) others.

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