Stock Market
NGX ASI shed 21bps
Today the nation’s bourse maintained the bearish momentum as the ASI gave up 21bps to close at 97,626.27 points. Losses in GTCO (-3.39%), ZENITHBANK (-2.71%) and FBNH (-1.57%) underpinned the market’s weak performance, in spite of gains in OANDO (+2.05%), ACCESSCORP (+0.44%) and INTBREW (+1.25%). Consequently, the year-to-date (YTD) return decreased to 30.56%, while the market capitalization lost ₦122.88bn to close at ₦59.17tn.
Market activities ended with trade turnover up 75.37%. A total of 671.26m shares valued at ₦10.64bn were exchanged in 10,464 deals. FBNH (-1.57%) led the volume and value charts with 245.25m units transacted at ₦6.23bn.
Market breadth closed negative at a 0.90-to-1 ratio with declining issues outnumbering the advancing ones. NSLTECH (-9.84%) topped twenty-eight (28) others on the laggard’s table, while SUNUASSUR (+9.81%) led twenty-five (25) others on the leader’s log.
-
News19 hours agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Maritime19 hours agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy19 hours agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance19 hours agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Business19 hours agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture19 hours agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Oil and Gas19 hours agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
News19 hours agoRaham Bello, others launch N20bn endowment fund for alma mater