Daily Trust - Equities market opens negative, as investors lose N55bn

 

Equities market opens negative, as investors lose N55bn

Trading activities at the local bourse started the week bearish as the benchmark index moderated 44bps to close at 24,200.60 following sell-offs in MTNN (-1.0percent), Zenith (-3.0percent) and Guaranty Trust Bank (-2.0percent ).

As a result, investors lost ₦55.2bn as market capitalisation fell ₦12.6tn while year to date loss worsened -9.8percent.

The activity level strengthened as volume and value traded rose 75.7percent  and 139.6percent  to 231.2m units and ₦2.2bn respectively.

The top traded stocks by volume were Sterling Bank (77.5m units), FCMB (33.3m units) and Fidelity Bank(27.1m units) while MTNN (₦1.1bn), GTBank (₦215.0m) and Zenith (₦139.5m) led by value.

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Equities market opens negative, as investors lose N55bn

Trading activities at the local bourse started the week bearish as the benchmark index moderated 44bps to close at 24,200.60 following sell-offs in MTNN (-1.0percent), Zenith (-3.0percent) and Guaranty Trust Bank (-2.0percent ).

As a result, investors lost ₦55.2bn as market capitalisation fell ₦12.6tn while year to date loss worsened -9.8percent.

The activity level strengthened as volume and value traded rose 75.7percent  and 139.6percent  to 231.2m units and ₦2.2bn respectively.

The top traded stocks by volume were Sterling Bank (77.5m units), FCMB (33.3m units) and Fidelity Bank(27.1m units) while MTNN (₦1.1bn), GTBank (₦215.0m) and Zenith (₦139.5m) led by value.

texem
More Stories