Home Life Style Nigeria’s stock market closes week on bearish demonstrate, loses over N300 billion in a day

Nigeria’s stock market closes week on bearish demonstrate, loses over N300 billion in a day

by Good News

The NGX closed on a unfavourable demonstrate amidst promote-offs and decide-pursuits as the benchmark All-Fragment Index (ASI) depreciated by 121 basis factors.The NGX ASI closed at 51,778.08 factors to copy a decline of 1.21% from the outdated procuring and selling day and a Year-to-Date (YTD) return of 21.21%. Within the period in-between, the market capitalization declined by N341.26 billion.At the shut of the market on Friday, the 17th of June 2022, the stock alternate market stamp currently stands at N27.91 trillion on the live of the procuring and selling day.The market breadth closed unfavourable as ELLAHLAKES led 10 gainers and 24 losers, topped by MCNICHOLS on the live of the day’s session.The stock market has developed 9,061.64 incorrect factors since the beginning of the year.NGX High ASI gainers ELLAHLAKES up +8.40% to shut at N4.00UACN up +6.48% to shut at N11.50LIVINGTRUST up +5.26% to shut at N1.20MBENEFIT up +4.17% to shut at N0.25FIDELITY up +3.37% to shut at N3.37NGX High ASI losers MCNICHOLS down – 9.76% to shut at N1.85ARDOVA down – 9.70% to shut at N13.5LIVESTOCK down – 9.52% to shut at N1.33INTBREW down – 9.42% to shut at N6.25COURTVILLE down – 9.26% to shut at N0.49NGX ASI High Traded by Volume JAIZBANK – 40,661,801UBA – 35,717,860ZENITH – 33,199,949NGX ASI High Traded by Rate ZENITHBANK – N718,990,913.35BUACEMENT – N681,926,288.10AIRTEL – N467,447,399.00Market sentiment traits in direction of the bears with the market differential being in favour of the decliners as 10 gainers had been surpassed by 24 losers.

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