Nigerian stock market losses 0.10% on Thursday and ends the month negative, down 1.40% w/w
The Nigerian stock market ended Friday’s trading session with the All Share Index losing 0.10% to close at 66,382.14 points, the lowest level since August 29. As a result, the year-to-date (YTD) return fell to 29.52%, while the market capitalization fell N515.80 billion w/w to close at N36.33 trillion. In the same vein, The All Share index closed 1.40% lower w/w, extending the previous week’s losses, after losing in all trading sessions this week.
To keep the market in the red, selloffs in market heavyweights MTNN (-0.19%), BUACEMENT (-10.00%), and GTCO (-0.14%) offset gains in DANGCEM (+1.80%), BUAFOODS (+3.10%), and ZENITHBANK (+0.48%).
The broader index’s fall was driven by losses in MTNN (-1.86% w/w), BUACEMENT (-11.08% w/w), and ZENITHBANK (-4.70% w/w), offsetting gains in DANGCEM (+1.80% w/w), BUAFOODS (+3.10% w/w), and WAPCO (+4.72% w/w).
Trade turnover settled however higher than it was on Thursday with the value of transactions increasing by 32.81%. In 6,323 transactions, 292.94 million shares worth N4.53 billion were swapped. FIDELITYBK (+1.22%) dominated the volume chart with 48.59 million units exchanged, while MTNN (-0.19%) lead the value chart with 772.35 million in transactions.
NGXGROUP (+8.93%) was first on the leader’s board, followed by twenty-one (21) others, while BUACEMENT (-10.00%) was first on the laggard’s board, followed by fourteen (14) others.
