Stock market dips further by 0.04%
The domestic stock market declined slightly on Wednesday by 0.04 per cent, affected by losses in MTN Nigeria, FBN Holdings, and Jaiz Bank, among others.
Specifically, the market capitalisation decreased by N21 billion, or 0.04 per cent, from N59.418 trillion to N59.397 trillion.
Also, the All-Share Index dropped by 0.04 per cent, losing 35 points to close at 98,023.23, down from 98,058.07 on Tuesday.
This decline reduced the Year-To-Date (YTD) return to 31.09 per cent.
However, market breadth remained positive, with 33 gainers and 23 losers.
On the gainers chart, UPL, Vitafoam and Sky Aviation led by 10 per cent each to close at N3.08, N22 and N27.50 per share, respectively.
Conversely, PZ and Jaiz Bank led the losers’ chart by 10 per cent each to close at N18.19 and N2.25 per share, respectively.
Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 71.43 per cent.
A total of 538.96 million shares valued at N15.30 billion were exchanged in 10,028 deals, compared to 399.32 million shares valued at N8.93 billion traded in 9,547 deals, posted previously.
Meanwhile, Jaiz Bank led the activity chart in volume with 106.68 million shares, while MTN led in value of deals worth N5.39 billion.
(NAN)
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