How Nigerian stock market lost ₦100 billion in 24 hours

On Thursday, the Nigerian Stock Exchange market made another bearish close, posting a loss at the end of the trading session, TopNaija reports.

The All-Share Index decreased by -0.33% to close at 38,916.74 from the 39,045.13 index points which gives support to the loss recorded on Wednesday.

The Nigerian Stock Exchange market value currently stands at N20.45 trillion from N20.55 trillion. Its Year-to-Date (YTD) returns currently stand at -3.04% making a loss of N100 billion.

The market breadth closed negative for the third time this week as UACN led 28 Gainers, and FTNCOCOA topped the 12 Losers chart, showing a consolidation as movement is uncertain.

Top Gainers

UACN up 10.0% to close at N9.90
ROYALEX up 10.0% to close at N33
JAPAULGOLD up 9.76% to close at N0.45
CUTIX up 9.31% to close at N2.23
LINKASSURE up 9.09% to close at N0.72
READ: Bank CEOs declare war on debtors over N8.16 trillion bad loans

Top Losers

FTNCOCOA down 8.70% to close at N0.42
NEM down 7.39% to close at N2.13
UNITYBNK down 6.67% to close at N0.70
REGALINS down 3.33% to close at N0.29
LIVESTOCK down 2.60% to close at N1.87

Nigerian stocks started the third trading session of the week bearish. Trading turnover on Wednesday’s trading session was boosted by UACN, ROYALEX and JAPAULGOLD.

The NSE is regulated by the Nigerian Securities and Exchange Commission.