Business and Economy

The Nigerian stock market slumps by another 0.29% on Tuesday as market capitalization declines by N84.38 billion

The Nigerian stock market NGX All-Share Index (ASI) lost 0.29% to close at 54,035.39 points on Tuesday with market capitalization decreasing by N84.38 billion to settle at N29.44 trillion. As a result the ASI’s year-to-date (YTD) return consequently dropped to 5.43%.

Trade turnover settled higher when compared to Monday’s trading results with 4,590 transactions involving 296.74 million shares worth N3.07 billion exchanged.

Selloffs in ZENITHBANK (-2.52%), GTCO (-3.15%), and WAPCO (-0.77%) were the main the main highlights of the market’s performance. ZENITHBANK (-2.52%) topped the value chart with transactions of 373.78m, while FIDELITYBK (-0.37%) topped the volume list with 46.59m units moved. In the laggard’s log, ETERNA (-8.94%) outperformed 18 other companies, while NAHCO (+9.55%) outperformed 10 other companies.

Leave a Reply