Stock Market Declines As Index Drops 0.32%

The Nigerian stock market recorded a dip yesterday as the All-Share Index decreased to 51,390.25 basis points after a two-day holiday break.

Stock Market Declines As Index Drops 0.32%
Nigeria Stock Market Declines As Index Drops 0.32%

The point represented a decrease of 0.32 per cent, compared with 51,557.41 basis points recorded on Friday.

Consequently, the figure indicated an increased Year-to-Date (YTD) return of 20.31 per cent.

Similarly, the market capitalisation fell by N90 billion to N27.713 trillion from N27.803 trillion at the last trading.

The market breadth was negative, as 11 stocks advanced and 25 stocks declined, according to the News Agency of Nigeria (NAN).

The share prices of CWG gained 10 per cent to top the gainers’ list to close at 88k per share, while Caverton Offshore Technology Company appreciated by 9.84 per cent to close at N1.34 per share.

Academy Press gained by 9.52 per cent to close at N2.07 per share.

RTBriscoe and International Breweries inched by 8.82 per cent and 7.41 per cent to close at 37k and N5.80 per share respectively.

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