NSE: Negative sentiment intensifies as investors’ year-to-date loss hits N1.870tn | Ripples Nigeria
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NSE: Negative sentiment intensifies as investors’ year-to-date loss hits N1.870tn



The Nigerian stock market recorded the second consecutive loss this week Tuesday as profit-taking led the market to close in the negative territory. So far this year, investors have lost investment in the neighbourhood of N1.870 trillion.

A negative market breadth was posted with 11 losers emerging against 9 gainers. The All Share Index shrank by 0.14% to 21,300.47 basis points while market capitalisation cratered to N11.102 trillion.

Year to date, the index is down by 20.65%.


GSK led the gainers’ chart today, appreciating by 10% to close at N4.40. May & Baker went up by 9.74% to N2.14. NEM rose to N2.07, notching up 9.52% in the process. Wema Bank added 6.38% to end today’s trade at N0.50. Unilever completed the top 5, climbing by 4.76% to N11.


Jaiz Bank was the worst performing stock today, declining by 9.43% to close at N0.48. Ikeja Hotels shed 9.09% to close at N0.90. Courtville fell to N0.20, losing 4.76%. Sterling Bank slumped to N1.15, recording 4.17% depreciation. Transcorp closed at N0.66, going down by 2.94%.

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422.005 million shares estimated at N1.724 billion were traded today in 3,448 deals.

Sterling Bank was the most active today with 303.456 million units of its stocks worth N348.746 billion traded in 17 deals. 29.650 million units of Zenith shares priced at N350.397 exchanged hands in 615 transactions. GTB had 16.870 million shares valued at N301.156 million traded in 553 deals. UBA traded 14.497 million shares estimated at N96.354 million in 195 transactions. FCMB traded 9.654 million shares valued at N14.407 million in 79 deals.

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