Business and Economy

The Nigerian stock market NGX All-Share Index lost 0.09% on Monday

Opening the week, the Nigerian stock market nudged slightly lower, outturning the gains from the previous session, bringing the All-Share Index down by 0.09% to close at 101,995.21 points. Bearish sentiment in UBA (-0.42%), ACCESSCORP (-4.30%), and DANGSUGAR (-7.67%) overturned the gains in GTCO (+1.15%), FBNH (+9.68%), and INTBREW (+6.52%) causing the drag in the market. The ASI year-to-date (YTD) return fell to 36.41%, while the market capitalization shed ₦50.64bn to close at ₦55.81trn

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 11.69%. A total of 294.32m shares valued at ₦6.72bn were exchanged in 9,957 deals. FBNH (+9.68%) led both the volume and value chart with 73.84m units traded in deals worth ₦2.42bn. NASCON (+10.00%) topped twenty-four (24) others on the leader’s table while NESTLE (-10.00%) led twenty-four (24) others on the laggard’s log.

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