Business
Sells-Offs in GTBank, Zenith Bank stocks heighten, investors lose N42.8 billion
Adebayo Obajemu
Bearish trend continued in Nigerian bourse yesterday, starting the week on a weak note.
The All Share Index gained 0.33% to end at 25,497.32 points as against a 0.09% drop recorded on Monday.
Nigerian Stock Market capitalization presently stands at N13.302 trillion Its Year-to-Date (YTD) returns currently stands at -5.01%. Investors’ losses stood at N42.84 Billion.
Nigerian Stock Exchange trading turnover printed negative as volume dipped by 5.07% as against the 39.24% plunge recorded in the previous session. CUSTODIAN, FBNH, and ZENITHBANK were the most active to boost market turnover.
Market breadth closed negative as CAP led 10 Gainers as against 19 Losers topped by ARBICO at the end of today’s session an unimproved performance when compared with the previous outlook.
Top gainers
CAP up 2.65% to close at N17.45
NB up 2.50% to close at N41
FBNH up 2.02% to close at N5.05
NAHCO up 1.91% to close at N2.13
MTNN up 0.76% to close at N119.5
Top losers
ARBICO down 9.65% to close at N1.03
GUARANTY down 6.18% to close at N24.3
ZENITHBANKdown 2.31% to close at N16.9
UBN down 3.92% to close at N4.9
GUINNESS down 2.78% to close at N14
