Stock market investors lose N143bn

The Nigerian stock market ended its four-day winning streak with a loss of N143 billion on Thursday, November 21, 2024.

Sell-offs in Guaranty Trust Holding Company (GTCO), Zenith Bank, and Oando Plc, among other blue chips, dragged the market performance down.

The Nigerian Exchange Limited (NGX) market capitalisation, which opened at N59.534 trillion, lost N143 billion or 0.24 per cent to close at N59.391 trillion.

The All-Share Index also shed 0.24 per cent or 235 points, to close at 97,992.55, against 98,227.50 recorded on Wednesday.

As a result, the Year-To-Date (YTD) return was reduced to 31.05 per cent.

Market breadth however closed positive with 36 gainers and 24 losers.

Naira gains against dollar at official market

On the gainers’ table, Austin Laz & Company led by 10 per cent to close at N2.42 per share, while WAPIC led the losers’ table by 9.82 per cent to close at N1.01 per share.

The stock market activities ended with trade turnover up by 13.51 per cent, relative to the previous session.

A total of 467.68 million shares, valued at N9.59 billion, were exchanged in 10,659 deals, compared with 370.52 million shares, valued at N8.45 billion, transacted in 10,026 deals posted in the previous session.

Meanwhile, FBN Holdings led the activity table in volume with 51.11 million shares, while WAPCO led in value of deals worth N2.31 billion.

The Star