The nation’s stock market has continued to decline as market capitalisation depreciated by N37 billion to close at N30.469 trillion at the close of trading session on Thursday, June 8, 2023 .
The All-Share Index (ASI) shed 67.93 points, representing a loss of 0.12 per cent to close at 55,956.59 points.
The downturn was impacted by losses recorded in medium and large capitalised stocks, which includes; Dangote Cement, Stanbic IBTC Holdings, Nigerian Breweries, GlaxoSmithKline Consumer Nigeria and John Holt.
Meanwhile, market breadth closed positive, as 41 stocks gained relative to 13 losers.
The total volume traded increased by 33.74 per cent to 531.785 million units, valued at N7.682 billion, and exchanged in 6,061 deals.
Transactions in the shares of United Bank for Africa (UBA) topped the activity chart with 177.476 million shares valued at N1.724 billion.
NPF Microfinance Bank followed with 51.803 million shares worth N93.295 million, while Access Holdings traded 32.103 million shares valued at N412.987 million.
Zenith Bank traded 30.824 million shares valued at N863.315 million, and Dangote Sugar Refinery sold 19.303 million shares worth N407.969 million.
