Business and Economy

Nigerian stock market losses 0.06% (N21.14 billion) on Monday

Nigerian stock market’s All-Share Index lost 0.06% on Monday to finish at 66,876.92. As a result, the ASI’s year-to-date (YTD) return decreased to 30.49%, and the market capitalization dropped by N21.14 billion to close at N36.74 trillion.

The market’s decrease was mostly caused by losses in GTCO (-0.85%), DANGSUGAR (-3.94%), and FIDELITYBK (-0.61%), offsetting gains in ZENITHBANK (+0.61%), ACCESSCORP (+0.61%), and NB (+2.63%). On the leader’s table, ACADEMY (+9.71%) outperformed sixteen (16) rivals, while VFDGROUP (-9.99%) outperformed fourteen (14) rivals.

Trade turnover was lower than it had been during the previous session with a 31.22% decrease in transaction value. 6,133 transactions totaling 314.62 million shares worth N4.39 billion were completed. With 47.15 million units moved, UBA (+0.79%) dominated the volume chart, while GTCO (-0.85%) headed the value chart with trades totaling N959.25 million.


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