Business and Economy

Nigerian stock market losses N22.91 billion market capitalization value as the All Share index declines by 0.08% on Monday

The All share index of the Nigerian stock market declined by 0.08% to close at 54,190.28 today Monday. As a result the market capitalization lost N22.91 billion to close at N29.52 trillion, while the ASI’s year-to-date (YTD) return decreased to 5.73%.

Trade turnover was lower with a 35.32% decrease in transaction value and a total of 4,408 transactions involving 292.56 million shares worth N2.38 billion completed.

The selloffs were in in Tier-1 banks, including ZENITHBANK (-0.19%), GTCO (-0.39%), and FBNH (-0.45%). FIDELITYBK (+0.19%), with 79.73m units exchanged in transactions worth 426.80m, topped the volume and value charts. On the laggard’s log, UACN (-9.95%) outperformed fifteen (15) rivals, while LASACO (+10.00%) outperformed fourteen (14) rival

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