Stocks Plummet: All Share Index Drops by 0.53% Monday

The Nigerian stock market started the week on a poor note with the All-Share index declining and closing down by 0.53% at 97,709.38 points. The losses in SEPLAT (-10.00%), UBA (-2.28%), and ACCESSCORP (-0.57%) outweighed the gains in ZENITHBANK (+2.06%) and GTCO (+1.81%), resulting in a drag on the overall market. Consequently, the market capitalization decreased by 296.28tn to close at ₦55.27tn.

Trade turnover was 51.25% higher than the previous session, with 439.10 million shares valued at ₦11.38 billion traded in 8,607 transactions. The NGX industrial goods sector saw NOTORE (+0.00%) leading the volume and value table, with 74.43 million units traded in deals worth ₦4.65 billion. SEPLAT (-10.00%) topped the laggard’s table among twenty-three (23) others, while TANTALIZER (+8.70%) led seventeen (17) others on the leader’s log.