Stocks yesterday at the Nigerian Stock Exchange (NGX) finished negative as investor's profit-taking in major financial stocks pushed market capitalization down by N192 billion.
Major stocks saw a decrease at the close of yesterday's market. FBN Holdings dropped by 9.86% to close at N26.50 per share, while Access Holdings Plc depreciated by 5.21% to close yesterday at N20 per share.
Also on the list, Jaiz Bank Plc and Unity Bank Plc tumbled by 5.63% and 3.90% to close at N1.51 per share and N1.48 per share, respectively.
Zenith Bank Plc declined by 2.35% to N35.25 per share as Guaranty Trust Holding Company dipped by 1.76% to close at N39 per share.
FCMB Group and United Bank for Africa (UBA) declined by 0.72% and 0.45% to close at N6.90 and N0.10 per share, respectively.
All-Share Index at Nigerian Exchange Limited (NGX ASI) to a loss of 350.72 basis points or 0.49%, to close at 71,457.92 basis points from the 71,808.64 basis points it opened for trading.
The NGX Month-to-Date and Year-to-Date returns bounced to +0.1% and 39.4%, respectively.
The market capitalization of listed companies declined by N192 billion to close at N39.103 trillion from N39.295 trillion it opened from Wednesday's trading closing.
The NGX Banking dropped by 2%, while the NGX Insurance added 1.8%. The NGX Consumer Goods, Industrial Goods and Oil & Gas indices closed flat.
Read more: https://www.investingport.com/nigerian-stock-exchange-loss-n192-billion-as-major-banks-declined/