Equities Market Plunges, Closes at -2.68%
The equities market on Monday took a deep plunge, as Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 2.68 per cent to close at 24,648.84 basis points, compared with the 0.16 per cent depreciation recorded on Friday at 25,328.07 basis points.This left its Year-to-Date (YTD) returns at -13.94 per cent.Rotimi Agboluaje reports that market capitalisation also shed N233.9 billion to close at N8.49 trillion as against N8.71 trillion it recorded at the close of stocks trading on Friday.
Market breadth closed positive as CAVERTON led 14 gainers against 26 losers topped by NIG-GERMAN at the end of today’s session, an unimproved performance when compared with previous outlook
Nevertheless, market turnover closes positive as volume moved up by 0.84 per cent against 15.60 per cent decline recorded in the previous session.
Content By Impact Business Radio, Ibadan