Stock Market Declines By 0.11%, Investors Suffer 77 Billion Naira Loss

The stock market on Thursday experienced a slight downturn, with overall market performance declining by 0.11 percent.

This marginal decline resulted in investors losing a significant 77 billion Naira, as the Nigerian Exchange Ltd. market capitalisation fell by 77 billion Naira, or 0.11 percent, to 67.102 trillion Naira from an opening of 67.179 trillion Naira.

The All-Share Index also declined by 0.11 percent, or 123.53 points, to close at 107,675.46, against 107,798.99 of the previous day, as the Year-To-Date return stood at 4.61 per cent.

Meanwhile, the market breadth ended positive, with 30 gainers and 23 losers.

On the gainers’ chart, Oando Plc and PZ Cussons Nigeria Plc (PZ) led with a 10 percent increase each, closing at 48 Naira and 29.50 Naira per share, respectively.

Conversely, on the losers’ chart, Fidson Healthcare Plc led with a 9.60 per cent decrease, closing at N19.80 per share, followed by Ecobank Transnational Incorporated (ETI) with a 9.51 per cent decrease, closing at N34.70 per share.

A total of 423.42 million shares, worth N9.57 billion, were exchanged across 11,112 transactions, compared with 245.51 million shares, worth N8.41 billion, traded across 10,098 transactions in the previous session.

On the activity table, First City Monument Bank led in volume with 102.27 million shares, while Access Corporation led in value of deals, worth N801.88 million.