Business and Economy

Nigerian stock market NGX All-Share Index falls 0.31% on Thursday

The Nigerian stock market All share index declined by a further 0.31% on Thursday to close at 66,448.63 points. As a result, the ASI’s year-to-date (YTD) return fell to 29.65%, while the market capitalization fell 111.40 billion to 36.37 trillion.

The market’s poor performance was driven by continued declines in banking companies such as GTCO (-0.72%), ACCESSCORP (-0.32%), and FBNH (-0.31%). VITAFOAM (-9.92%) was first on the laggard’s list, followed by twenty-three (23) others, while CORNERST (+7.88%) was first on the leader’s list, followed by seven (7) others.

Trade turnover was lower than it was on Wednesday with the value of transactions falling by 24.67%. In 6,826 transactions, 273.80 million shares worth N3.41 billion were swapped. ACCESSCORP (-0.32%) lead the volume and value charts, with 45.88 million units traded in transactions worth N710.63 million.

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