Connect with us

Business

Nigerian equity market reverses gain, dips 0.16%

Published

on

The Nigerian equity market returned to bearish mood, declining 0.16 per cent on the back of losses recorded by MTNN, GTBank, Dangote Flour and 10 others.
The All Share Index (ASI) shed 43.79 absolute points, representing a decline of 0.16 per cent to close at 26,513.65oints, while the Market Capitalization lost N21.32 billion representing a dip  of 0.16 per cent, to close at N12.91 trillion.
NAHCO emerged the top gainer, having gained 5.15 per cent to top 6 other advancers,  while GLAXOSMITH shed 7.40 per cent to  emerged as top loser among 12 other decliners. 
Total volume of stock traded was up 35.1 per cent to 174.4 million, while total value traded fell 15.5 per cent to N2.3 billion.
Access Bank was the most active stock in terms of volume, trading 27.3million units worth N201.51 million, while GTBank led activity chart in terms of value, trading 24.60 million units  valued at N655.8million. 
The market has so far shed -15.6 per cent this year, having lost 18 per cent in 2018.

News continues after this Advertisement
News continues after this Advertisement