Again stock market loses N140bn


The Equities market of the Nigerian Stock Exchange (NSE) yesterday sustained the negative trend it started this week  as the market capitalization shed N140 billion to close at N12,048  trillion.

The NSE All Share Index (ASI) depreciated by -1.15% to close at 34,951.27 basis points as against -0.37% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +30.05%.   

Prominiment for the market performance is the loss of N19.7 by Nestle Nigeria and N7.0 by Dangote cement, both of whom account for a substantial value of the market.

Market breadth closed negative as NEIMETH led 16 gainers as against 18 losers topped by INTBREW at the end of yesterday’s session- an unimproved performance when compared with previous outlook. 

Market turnover closes positive as volume moved up by +366.92% as against 44.25% downtick recorded in the previous session. 

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