Stock market sustains loss as waning sentiment continues on NGX

The waning sentiment noticed within the Nigerian inventory market this week continued on Thursday.

Consequently, the inventory market decreased additional by 0.12percent whereas buyers maintained cautious strategy to the market.

On the shut of buying and selling session on Thursday, the Nigerian Alternate Restricted (NGX) All-Share Index (ASI) and its equities Market Capitalisation – decreased farther from 56,025.56 factors and N30.506trillion respectively to 55,956.59 factors and N30.468trillion.

Traders misplaced about N38billion on the shut of buying and selling session on Thursday. The market’s optimistic return year-to-date (YtD) printed decrease at +9.18 %.

John Holt led the league of laggards after its share worth decreased from previous day excessive of N1.55 to N1.40, shedding 15kobo or 9.68 %.

Additionally, Caverton Offshore Assist Group decreased from a excessive of N1.40 to N1.30, shedding 10kobo or 7.14 %.

Coronation Insurance coverage made the highest laggards checklist after its share worth moved down from previous day excessive of 46kobo to 43kobo, shedding 3kobo or 6.52 %.

GSK was additionally down from a excessive of N7.55 to N7.15, shedding 40kobo or 5.30percent, whereas Stanbic IBTC decreased from N46.40 to N45, shedding N1.40 or 3.02percent.

UBA, NPF Microfinance Financial institution, Entry Company, Zenith Financial institution and Dangote Sugar Refinery had been top-5 traded shares as buyers in6,061 offers exchanged 531,784,757 shares valued at N7.682billion.