Stock Market Loses N38bn As 13 Equities Decline.

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13 businesses had an increase in share prices, while 13 firms saw share prices fall.

At the close of trading on the NGX’s trading floor, investors had moved a total of 86. 594 million shares worth N1.17 billion in 3 3,377 transactions.

As investors sold their holdings in FBNH (-3.3%) and WAPCO (-2. 8%), the local equity market began to trade in a bearish manner. As a result, the All-Share Index finished 0.1% down at 49,626.05 points. As a result, the returns for the Month to Date and the Year to Date ended up being 0.4% and 16.2%, respectively.

Analysing by sectors, the insurance (-1.4 per cent), banking (-0.5 per cent) and industrial goods (-0. 3 per cent) indices declined, while the oil & gas and consumer goods indices closed flat.

Punch.

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