Sentiments on the nation’s bourse turned negative on Tuesday closing the first trading session in June with a loss of N12 billion, amid losses in Seplat and 16 others.
Consequently, the market capitalisation which opened for the month at N20.034 trillion dipped N12 billion to close at N20.022 trillion.
In the same vein, the All-Share Index lost 23.51 points or 0.06 per cent to close at 38,414.37 from 38,437.88 recorded on Monday.
Accordingly, month-to-date and year-to-date losses stands at 0.1 per cent and 4.6 per cent, respectively.
The downtrend was driven by price depreciation in medium and large capitalised stocks amongst which are; Seplat, Africa Prudential, United Capital, Champion Breweries, and Unilever.
An analysis of the price movement indicates that 18 stocks posted price appreciation against 17 losers.
Champion Breweries led the losers’ chart in percentage terms by 9.91 per cent to close at N1.91 per share.
John Holt followed with 7.94 per cent to close at 58k, while Africa Prudential shed 7.26 per cent to close at N5.75 per share.
https://www.vanguardngr.com/2021/06/ngx ... 12bn-loss/