Business and Economy

Stock market investors lost N5.17 billion on Wednesday as the NGX All Share Index falls by 0.01%

The Nigerian stock market NGX All Share Index lost 0.01% on Wednesday to close at 63,757.23 points. As a result, the year-to-date (YTD) return fell to 24.40%, while market capitalization fell N5.17 billion to close at N34.72 trillion.

Gains in MTNN (+1.85%), GTCO (+0.87%), and NB (+4.47%) were countered by selloffs in ZENITHBANK (-1.68%), GEREGU (-10.00%), and ACCESSCORP (-0.60%), which kept the market in the red. Trade turnover was lower than it was on Tuesday with the value of transactions falling by 76.45%. In 7,403 transactions, 473.49 million shares worth N10.08 billion were traded.

JAPAULGOLD (-1.23%) dominated the volume chart with 77.98 million units moved, while GEREGU (-10.00%) led the value chart with 4.86 billion in transactions. On the laggard’s table, GEREGU (-10.00%) led twenty-one (21) others, while HONYFLOUR (+10.00%) led seventeen (17) others.

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