Equity market extends loss by N6bn

Oct. 11, 2024 - Punch Newspapers

The bearish run continued on the Nigerian Exchange on Thursday as it shed N6bn. The All Share index and market capitalisation declined by 0.

1 per cent to close at 97,477.19 and N56tn, respectively, as the market year-to-date performance moderated to 30.

36 per cent. The traded volume reflected a 22 per cent decline, while turnover and deals dipped by 33 per cent and 17 per cent, respectively.

It was followed by Caverton Offshore Support Group (+9.73 per cent), Royal Exchange (+8.

7 per cent), and Associated Bus Company (+8.2 per cent).

Fidelity Bank topped the trading volume with 43.3 million shares exchanged, followed by United Bank for Africa with 30.

7 million shares, Zenith Bank with 25.6 million shares, and Lasaco Assurance with 22.

1 million shares...