The Nigerian All-Share Index closed the buying and selling session on twenty eighth August in damaging territory, shedding 691.52 factors to complete at 140,557.24.
This marked a 0.49% decline from the day prior to this’s degree of 141,248.80, regardless of stronger exercise out there.
Buying and selling quantity climbed sharply to 885 million shares, up from 682.8 million shares exchanged a day earlier.
In the meantime, market capitalization slipped again under the N89 trillion mark, settling at N88.9 trillion throughout 26,163 offers, reflecting the day’s bearish temper.
On the gainers’ chart, SCOA and RTBRISCOE led with spectacular advances of 10% and 9.80% respectively. The flip facet noticed INTENEGINS and OMATEK topping the losers’ record, dipping 9.62% and eight.97%.
When it comes to exercise, CHAMPION and ACCESSCORP dominated the amount chart, buying and selling the best variety of shares.
Prime 5 losers
Every day buying and selling quantity rose to 885 million shares, up from 682 million shares exchanged the day prior to this.
SWOOTs (Shares Value Over One Trillion Naira) had a blended efficiency:
Among the many FUGAZ shares, the pattern was largely bearish:
The All-Share Index seems to stay in a retracement section, with the present momentum suggesting the potential of an additional slide under the 140,000-mark if promoting strain continues.
Sustained bearish exercise, notably in large-cap shares, may deepen the decline and weigh additional on general market sentiment.
