Stocks Market Sheds N6b as ASI Drops by 0.02% 

The Nigerian stocks market returned to bearish territory as equities lost N6 billion, while the exchange’s market cap depreciated to N36.923 trillion from N36.929 trillion recorded on Tuesday.

Also, the All-Share Index (ASI) declined by 0.02 per cent to 67,206.16 points.

Gains in GEREGU (+7.71%), ACCESSCORP (+1.81%) and FBNH (+0.63%) were offset by selloffs in ZENITHBANK (-0.60%), GTCO (-1.25%) and UBA (-5.78%).

Consequently, the year-to-date (YTD) return slipped to 31.13 per cent, while the yesterday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 30.32 per cent.

A total of 329.66million shares valued at N4.41billion were exchanged in 5,998 deals.  FIDELITYBK (-0.60%) led the volume chart with 50.32m units traded, while GTCO (-1.25%) led the value chart in deals worth N733.79million.

Market breadth closed positive at a 1.25-to-1 ratio with advancing issues outnumbering declining ones. MULTIVERSE (+9.74%) topped 14 others on the leader’s table, while ETERNA (-7.09%) led 11 others on the laggard’s log.