Business and Economy

Stock market investors lose N37.57 billion as the NGX All Share Index Declines by 0.12% Thursday

Investors in the Nigerian stock exchange lost N37.57 billion today as the NGX All-Share Index (ASI) declined by 0.12% to conclude at 55,956.59 basis points. As a result Year-to-date (YTD) returns for the ASI dropped to 9.18%, while market capitalization dropped by N37.57 billion to close at N30.47 trillion.

Selloffs in industrial behemoth DANGCEM (-1.38%), along with STANBIC (-3.02%) and NB (-1.80%), offsetting gains in MTNN (+0.04%), ZENITHBANK (+0.18%), and GTCO (+0.36%), were the main causes of the market’s poor performance.

The value of transactions increased by 17.52% while trade turnover settled higher than it had the previous session. In a total of 6,061 transactions, 531.78 million shares worth N7.68 billion were swapped. With 177.48m units traded in transactions worth N1.72bn, UBA (+4.19%) topped the value and volume charts.

Twenty-six (26) other people were surpassed on the leader’s table by UNITYBNK (+10.00%), while ten (10) people were surpassed on the laggard’s log by WAPIC (-6.52%).

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