Business and Economy

Nigerian stock market NGX All-Share Index gains 0.09% on Friday

The Nigerian stock market NGX All-Share Index gained 0.09% on Friday to close at 67,395.74 points. The year-to-date (YTD) return decreased to 31.50% while the market capitalization decreased by N409.17 billion week-on-week to close at N36.89 trillion as the ASI closed 1.10% lower w/w despite losing in three (3) of the five (5) trading sessions this week.

The broader index entered positive territory due to gains in MTNN (+0.04%), ZENITHBANK (+0.76%), and STANBIC (+1.32%). The market was negatively impacted by declines in MTNN (-1.50% w/w), NESTLE (-4.65% w/w), and ZENITHBANK (-10.01% w/w), which offset gains in STANBIC (+3.61% w/w), NB (+7.48% w/w), and UBA (+7.87% w/w).

Trade turnover on Friday decreased compared to Thursday’s session, with the value of transactions falling by 63.07%. In a total of 6,972 transactions, 408.87 million shares worth N5.23 billion were exchanged. While GTCO (-0.85%) topped the value charts with transactions of 926.85m, STERLINGNG (+0.00%) lead the volume charts with 82.28m units moved. On the leader’s log, CHAMS (+10.00%) outperformed twenty (20) other competitors, while CONOIL (-10.00%) outperformed eleven (11) others on the laggard’s table.

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