Bears emerged in the domestic bourse as the market opened the week’s trading in the red region yesterday with the Nigeria Exchange ( NGX) All-Share Index shed 4 basis points to close the day, reaching 104,518.14 points compared to the previous session’s 104,562.06 points.
The market’s negative performance was driven by investors’ profit taking activities in major stocks such as FBNH (-2.11%) STANBIC (-1.79%), NB (-0.85%), TRANSCORP (-1.41%) and 13 additional stocks.
As a result, the year-to-date return decreased to 39.78%.
Consequently, the overall market capitalization experienced a 0.04% decline, reaching N59.09 trillion, as investors lost N24.83 billion.
Market activity for the day was negative as volume and value traded declined by 12.45% and 13.81% to 545.49 million units and N14.61 billion, respectively.
