Business Headline News Nigeria

Equities market declines by N30b as share price depreciates

The Nation’s equities market declined by N30bn at the end of trading session on Monday as 18 firms share witness price fall.

All-Share Index closed at 49,991.41 basis points on from 50,045.83 recorded last Friday, as Market capitalisation of stock fell to N26.964tn from N26.994tn.

A total of 200.92 mn shares valued at N1.45bn were traded by investors in 3,976 deals at the end of yesterday’s training session.

Month-to-Date and Year-to-Date returns settled at +0.3% and +17.0%, while total volume traded declined by 16.3% to 200.92 million units, valued at NGN1.45 billion, and exchanged in 3,976 deals.

The most traded stock in volume was Sterling Bank at 90.90 million units and the most traded stock in value was MTNN with N252.47m.

Twelve firms share gained, while 18 firms’ loss. “All other stocks settled lower by 0.1% at 49,991.41 points.

Writing by Julian Osamoto