The Nigerian equity market extended losses on Tuesday due to sell=offs in INTBREW, CHAMS and ACCESSCORP.
The All-Share Index declined 0.11% to 46,843.0 9 points; the YTD return dropped to 9.66% while market capitalisation declined by ₦27.35bn to ₦25.25tn.
Activity level also waned, with the volume and value traded declining by -40.4 5% and -3 1.43% to 214.3mn units and ₦1.7 9bn respectively.
The most active stocks by volume were CHAMS (30.40m units), ACCESSCORP (3 0.30m units) and TRANSCORP (20.51m units) while ACCESSCORP (₦305.51mn), ZENITHBANK (₦275.0 2mn) and FBNH (₦216.38mn) led by value.
The Consumer Goods and Agriculture indices were the only gainers, up 15bps and 1bp respectively due to gains in PZ (+9.8 0%), GUINNESS (+1.71%) and
LIVESTOCK (+0.59%).
On the flip side, the Oil & Gas and Banking indices declined by 25bps and 18bps owing to profit bookings in OANDO (-3.8 0%) and ACCESSCORP (-1.95%). Similarly, losses in
IKEJAHOTEL (-4.00%) and RTBRISCOE (-1.52%) dragged the Services (-0.1 7bps) index lower. Elsewhere, the Healthcare, ICT and Industrial Goods sectors closed flat.
The Chief Executive Officer of Air Peace, Allen Onyema, has been hit with new charges…
Contrary to reports in a section of the media that the Nigerian Upstream Petroleum…
Tajudeen Suleiman It was a pleasant shock for me to read the National Bureau of…
A member of the House of Representatives, representing Isiala Mbano / Onuimo / Okigwe…
Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering…
Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial…
This website uses cookies.