Business and Economy

Nigerian stock market sheds 0.35% (i.e. N132.61 billion) on Monday

Nigerian stock market lost dropped 0.35% to close at 70,608.02 points on Monday. Consequently, the market capitalization lost ₦132.61bn to close at ₦38.80trn, and the ASI’s year-to-date (YTD) return decreased to 37.77%.

Losses in BUACEMENT (-7.76%), ACCESSCORP (-0.29%), and INTBREW (-1.11%) were countered by gains in Telco Heavyweight, MTNN (+2.56%), ZENITHBANK (+1.36%), and GTCO (+0.84%). On the laggard’s log, JAPAULGOLD (-9.09%) was ahead of fourteen (14) others, and on the leader’s table, OANDO (+7.81%) was ahead of eleven (11).

Trade turnover settled at a greater level than it did on Friday with a 39.35% increase in transaction value. 7,630 transactions totaling 474.39 million shares valued at ₦7.75 billion were completed. With 94.05 million units traded, FIDELITYBK (+0.00%) dominated the volume chart, while with trades valued at ₦2.23 billion, MTNN (+2.56%) led the value chart.

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