The Nigerian stock market recorded losses for the fourth consecutive session, shedding N57 billion as a outcomes of chronic promote-offs in predominant stocks like FBN Holdings, Salvage admission to Corporation, and Transnational Corporation, amongst others.
The market capitalisation, which started the day at N55.188 trillion, dipped by N57 billion or 0.10 per cent, closing at N55.131 trillion.
Equally, the All-Portion Index reduced by 0.10 per cent, or Ninety 9.24 functions, settling at 97,100.36, down from the day gone by’s shut of 97,199.6.
Which skill, the one year-To-Date (YTD) return fell to 29.86 per cent.
Market sentiment remained negative, with 31 stocks declining against 14 gainers on the Change.
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Oando led the list of declining stocks, losing 9.94 per cent to shut at N32.60 per fragment. ABC Transport followed, with a 9.52 per cent lower, ending the day at 76k per fragment.
Various important decliners integrated Guinea Insurance coverage, which fell by 9.09 per cent to shut at 40k, Cattle Feeds Plc, which also lost 9.09 per cent to shut at N2.20, and Pc Warehouse Neighborhood, which saw a 7.69 per cent tumble to shut at N5.40 per fragment.
On the gainers’ aspect, Neimeth Pharmaceuticals led with a 9.55 per cent upward thrust, closing at N2.18 per fragment. Total Plc followed with an 8.82 per cent raise, ending at N511.9 per fragment.
AIICO Insurance coverage added 6.54 per cent to shut at N1.14 per fragment, C&I Leasing rose by 6.07 per cent to shut at N2.97 per fragment, and UPDC preferred by 4.92 per cent to shut at N1.28 per fragment.
Procuring and selling express available in the market slowed down in comparison to the earlier session, with a 35.71 per cent decline in transaction label. A total of 271.26 million shares valued at N3.52 billion had been traded in 7,233 provides, in comparison to 315.30 million shares rate N5.48 billion exchanged in 8,365 provides in the prior session.
Veritas Kapital dominated the amount chart, with 33.38 million shares rate N40.73 million changing fingers. Sterling Nigeria followed, trading 16.65 million shares valued at N65.86 million.
AIICO saw 16.37 million shares rate N18.32 million traded, while RT Briscoe transacted 16.17 million shares valued at N28.56 million. GTCO led in label, trading 15.94 million shares rate N725.23 million.
