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Nigerian Stock Market Erases 1-day Gain, Records 3.00% Loss For The Week

The equities market closed Friday on a negative note, as NSE ASI depreciated by 0.19% to close at 26,170.88basis points, compared with the 0.18% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -8.63%.

Market Breadth 
Market breadth closed negative as WEMABANK led 18gainers against 19 Losers topped by WAPCO  at the end of today’s session- an improved performance when compared with previous outlook. 

Market Turnover
Market turnover closes positive as volume surged by 1541.10% against 5.80% decline recorded in the previous session. STDINSUREZENITHBANK and STERLNBANK were the most active to boost market turnover. GUARANTYand STDINSURE top market value list.

Volume Shockers
STDINSURE leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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