Tier-1 banks, Zenith Bank Plc and GT Holding Co Plc lost a combined N6.18 billion at the close of trading on the floor of the Nigerian exchange Limited
Zenith Bank share price declined by 0.62% taking the market capitalization from N764.50 bn to N759.80 bn, losing a total of N4.71 bn. While GT Holding Co lost N1.47 bn as its market cap declined by 0.20% from N735.78 billion to N734.31 bn.
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 9 basis points.
The NGX All Share Index (ASI) closed at 43,270.94 points, to reflect a decline of 0.09% from the previous trading day and a Year-to-Date (YTD) return of 7.45%. Meanwhile, the market capitalization decreased by N19.49 bn.
At the close of trading, the market value currently stood at N22.58 trillion from N22.60 trillion in the previous trading day.
The market breadth closed negative as AIICO led 14 gainers, and 21 Losers topped by UPDC at the end of today’s session.
The stock market has advanced 3,000.22 base points since the start of the year.