Stock Market
NGX market capitalization shed ₦152.09bn to close at ₦63.05tn
Nigeria Exchange Limited stock market broke its winning streak as the NGX All-Share Index closed 24bps lower to 103,398.82 points. Demand for GTCO and FBNH were encountered by selloffs in ZENITHBANK, OANDO and ACCESSCORP dragging down the market index. As a result, the year-to-date (YTD) return decreased to 46bps while market capitalization shed ₦152.09 billion to close at ₦63.05 trillion. Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 10.48%. A total of 1.11 billion shares valued at ₦14.64 billion were exchanged in 16,617 deals. FBNH (+2.08%) led the volume and value charts with 161.46m units traded at ₦4.72 billion. Market breadth closed negative at a 0.40-to-1 ratio with declining issues outnumbering the advancing ones. VERITASKAP topped forty-seven (47) others on the laggard’s table while PZ led eighteen (18) others on the leader’s log.
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