Stock Market Record downtrend Of N222bn Loss

The Nigerian stock exchange on Monday finished the trading session  on a downtrend, recording a loss of N222bn 

According to the record, the market breadth closed positive with a record of 21 gainers against 13 losers.

Meanwhile, the All-Share Index dipped 425.24 basis points or 2.02% to close at 20,669.38 index points as against 21.094.62 recorded the previous trading session while market capitalisation of equities depreciated by N222bn from N10.993tn last Friday to N10.771tn as market sentiment remained on the negative territory.

Also, a turnover of 336.4 million shares exchanged in 4,184 deals was recorded in the day’s trading while premium subsector measured by turnover volume recorded 167.3 million shares exchanged by investors in 2,313 deals.

Volume in the subsector was largely driven by activities in the shares of FBNH Plc and Zenith Bank Plc while banking subsector boosted by the activities in the shares of GTBank Plc and Fidelity Bank Plc followed with a turnover of 82.2 million shares in 616 deals.