The home bourse reversed its earlier session’s acquire on Monday, recording a lack of N404 billion or 0.72 per cent for fairness market buyers.
The market’s decline was primarily pushed by losses in main shares, together with BUA Cement and Tier-one banks resembling Zenith Financial institution and Warranty Belief Holding Firm, GTCO.
Particularly, the Nigerian Change Ltd., NGX market capitalisation closed at N55.574 trillion, down from its opening worth of N55.978 trillion.
The All-Share Index additionally decreased by 0.72 per cent, shedding 711.2 factors to shut at 97,880.94, in comparison with 98,592.12 recorded on Friday.
Because of this, the 12 months-To-Date, YTD return dropped to 30.90 per cent.
Regardless of the general decline, market breadth remained constructive with 29 gainers and 20 losers on the Change.
On the gainers chart, Julius Berger led by 10 per cent to shut at N121 per share, whereas BUA Cement led the losers chart by 9.93 per cent to shut at N114.30 per share.
Evaluation of the market actions confirmed commerce turnover settled greater relative to the earlier session, with the worth of transactions up by 44.11 per cent.
A complete of 498.27 million shares valued at N11.77 billion had been exchanged in 10,645 offers, in comparison with 477.44 million shares valued at N8.17 billion traded in 9,529 offers posted within the earlier session.
In the meantime, GTCO led the exercise chart in quantity and worth with 123.92 million shares price N5.66 billion.
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