Nigerian Stock Market settles Bearish


The Nigerian major stock market closed negatively,  and the ASI settled at 104,187 index points.

 

The NGX All share index dipped 0.18% to settle at 104,187.00 points, down from 104,376.73 index points on Tuesday.

Investors lost N119.22 billion as market capitalization decreased to N65.47 trillion, and the year-to-date return declined to 1.22%.

Consequently, the Industrial, Banking, and Consumer sectors depreciated. The market breadth index was positive, with 36 gainers and 20 losers.

Top gainers were led by OANDO  PLC, LIVESTOCK, VFDGROUP PLC(+10%), while the top loser was PZ PLC(-9.88%). Other top gainers include NEM PLC(+9.32%) while other bottom loser include: UNILEVER PLC(-9.75%)

The total volume decreased by 18% to 376 million units worth N11.86 billion. GTCO PLC has the highest volume and value at 62.8 million traded worth N4.09 billion

The local bourse closed negatively due to the selling interest in the  Industrial, Banking, and Consumer sectors.

ABOUT THE AUTHOR See More
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.

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