Market Capitalization Loses N171billion in Mid-week Trading

The market capitalization at the end of the mid-week trading on the floor of the Nigerian Stock Exchange, NSE, crashed from N8.196 trillion to N8.025 trillion.

At the end of trading on Wednesday, January 27, the year to date returns on the Nigerian bourse stood at -18.54 per cent.

Market breadth closed negative as Seplat Petroleum Development Company led 11 gainers against 24 losers topped by Transnational Corporation of Nigeria at the end of the trading session which was an unimproved performance when compared with previous outlook.

Market turnover closes positive as volume moved up by 82.63 per cent against 33.61per cent decline recorded in the previous session. Zenith Bank, UBA and FBN Holdings were the most active to boost market turnover. Zenith Bank and Guaranty Trust Bank top market value list.