Home Life Style Bank sector shares overwhelm the NGX to lose over N47 billion in a day

Bank sector shares overwhelm the NGX to lose over N47 billion in a day

by Good News

Good News – The banking sector weighed down the Nigerian stock market after trading sessions, with the Tier-1 banks pushing the decline as FBNH, UBA, GTCO and ZENITH Banks recorded losses in half prices.The NGX closed on a negative camouflage amidst promote-offs and opt-pursuits because the benchmark All-Fragment Index (ASI) depreciated by 16 basis elements.The NGX ASI closed at 53,113.64 elements to replica a decline of 0.16% from the old trading day and a three hundred and sixty five days-to-Date (YTD) return of 24.34%. Meanwhile, the market capitalization declined by N47.31 billion.At the shut of the market on Tuesday, the 14th of June 2022, the stock swap market fee today stands at N28.63 trillion at the finish of the trading day.The market breadth closed negative as LEARNAFRI led 8 gainers and 25 losers, topped by CAP at the finish of the day’s session.The stock market has developed 10,397.20 harmful elements since the beginning up of the yr.NGX Prime ASI gainers LEARNAFRI up +9.72% to shut at N2.37SUNUASS up +9.38% to shut at N0.35WAPIC up +5.00% to shut at N0.42STERLING up +1.97% to shut at N1.55CORNERST up +1.64% to shut at N0.62NGX Prime ASI losers CAP down – 9.93% to shut at N18.15CAVERTON down – 7.83% to shut at N1.06LIVESTOCK down – 6.25% to shut at N1.50TRANSCORP down – 5.07% to shut at N1.31CHAMPION down – 4.63% to shut at N3.50NGX ASI Prime Traded by Quantity FCMB – 52,081,914UBA – 47,731,199TRANSCORP – 39,340,034NGX ASI Prime Traded by Rate GTCO – N446,145,716.40UBA – N365,345,858.05ACCESS – N293,979,783.90Market sentiment kind in direction of the bears despite the market differential being in favour of the decliners as 8 gainers had been surpassed by 25 losers.Connected

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