See more as Nigerian stock market records over N200bn loss

• The Nigerian banal marketplace continued its mediocre show arsenic it recorded different nonaccomplishment of implicit N200 billion
• Data shows that the losers' array was led by BUA cement, Ellah Lakes PLC and agric institution and besides Regency Alliance Insurance Company
• Stocks similar Academy Press Plc, Neimeth International Pharmaceuticals Pl and Tantalizers Plc led the gainers' table

Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigerian banal marketplace witnessed different antagonistic time arsenic the marketplace recorded a nonaccomplishment of N275 billion.

Data from the Nigerian Exchange Limited (NGX) showed that the marketplace All-Share Index (ASI) slipped to 105,799.17 points from 105,955.13 successful the erstwhile session.

Stock marketplace closed antagonistic again Photo credit: Bloomberg/contributor
Source: Facebook

Despite the declines, the Nigerian equities market has seen a week-to-date alteration of 0.55% and a month-to-date diminution of 2.27%.

Year-to-date (YTD) affirmative returns besides dropped to 2.38%, reflecting ongoing marketplace volatility and capitalist caution.

Nigerian banal marketplace summary connected Tuesday

In total, investors exchanged 343,750,930 shares successful 11,022 deals, valued astatine N7.985 billion.

Top Traded Stocks (by Volume & Value)

• Access Holdings PLC recorded a turnover of 36,756,861 shares valued astatine N847,292,154.40.
• Universal Insurance PLC traded 30,096,847 shares worthy N17,934,224.40.
• Fidelity Bank Plc exchanged 28,896,918 shares amounting to N488,837,220.90.
• Jaiz Bank Plc recorded a turnover of 22,013,973 shares valued astatine N70,127,536.23.
• Zenith Bank Plc traded 19,563,009 shares worthy N929,981,792.50.

BUA cement shares fall Photo credit: NGX
Source: Facebook

Top decliners

• BUA Cement Plc fell by N9.30, dropping from N93.00 to N83.70 per stock (-10.00%).
• Ellah Lakes Plc declined by N0.16, decreasing from N3.32 to N3.16 per stock (-4.82%).
• Regency Alliance Insurance Plc (REGALINS) mislaid N0.03, moving from N0.68 to N0.65 per stock (-4.41%).
• Wema Bank Plc declined by N0.45, sliding from N10.75 to N10.30 per stock (-4.19%).
• Omatek Ventures Plc dropped by N0.02, falling from N0.67 to N0.65 per stock (-2.99%).

Top gainers

• Neimeth International Pharmaceuticals Plc gained N0.27, rising from N2.70 to N2.97 per stock (10.00%).
• Northern Nigeria Flour Mills Plc (NNFM) roseate by N7.25, moving from N72.55 to N79.80 per stock (9.99%).
• Custodian Investment Plc gained N1.90, expanding from N19.60 to N21.50 per stock (9.69%).
• SUNU Assurances Nigeria Plc precocious by N0.37, climbing from N4.63 to N5.00 per stock (7.99%).
• Guinea Insurance Plc gained N0.05, moving from N0.65 to N0.70 per stock (7.69%).

Naira depreciates against US dollar

Legit.ng antecedently reported that the Nigerian currency recorded a mediocre show against the US dollar successful the FX markets.

Data from CBN showed that the naira suffered a nonaccomplishment of N9.61 oregon 0.63% to settee astatine N1,531.98/$1 connected Monday successful opposition to past Friday’s worth of N1,522.37/$1.

Similarly, the Nigerian currency weakened against the Pound Sterling during the trading league by N20.41 to punctuation astatine N1,984.61/£1 compared with the erstwhile trading day’s complaint of N1,964.20/£1

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Source: Legit.ng