Business and Economy

Stock market investors lose N24.59 billion as NGX All-Share Index declines by 0.09% on Tuesday

The NGX All-Share Index closed 0.09% down to settle at 52,612.55 points today, driving the domestic market lower under the influence of bearish emotions. As a result, the year-to-date (YTD) return decreased to 2.66% and the market capitalization decreased by N24.59 billion to close at N28.66 trillion.

The value of transactions however increased by 171.53% and trade turnover settled higher than it did on Monday. 3,470 transactions involving 182.40 million shares worth N4.82 billion were completed. GEREGU (-4.04%), which had 23.84 million units exchanged in deals worth N3.20 billion, topped the volume and value charts.

Losses at ZENITHBANK (-0.41%), GTCO (-0.41%), and NB (-9.90%) offset gains at DANGCEM (+0.72%), ACCESSCORP (+1.12%), and UBA (+2.47%). On the gainer’s table, MBENEFIT (+10.00%) outperformed fourteen (14) other companies, while NB (-9.90%) led ten (10) other companies.

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