Business and Economy

Nigerian stock market lost N672 billion on Tuesday as the All Share Index fell by 1.99%

At the of Tuesday’s trading session, the Nigerian stock market lost 1.99% to close at 60,715.04 points. As a result, the year-to-date (YTD) return decreased to 18.47% and the market capitalization decreased by N672.03 billion to close at N33.06 trillion.

The market remained in negative territory as gains in PRESCO (+1.69%), FCMB (+4.26%), and TRANSCOHOT (+9.83%) were offset by declines in MTNN (-1.80%), BUACEMENT (-9.86%), and ZENITHBANK (-3.83%).

Trade turnover was lower than it had been during Monday trading session with a 13.04% decrease in transaction value. In total, 12,194 transactions involving 1.11 billion shares for a total of N12.21 billion were traded.

With 180.75 million units exchanged, FCMB (+4.26%) topped the volume chart, while ZENITHBANK (-3.83%) topped the value one with transactions totaling N1.80 billion. PZ (-10.00%) was ahead of 33 other laggards on the leaderboard, while ETERNA (+9.96%) was ahead of 19 other gainers on the gainer’s log.

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