Today was an eventful day for the stock market as the Central Bank Governor was suspended. The Nigerian All Share Index closed the day down 1.47& with most stocks, particularly banking losing value. The chart shows trading sharply went down following the suspension of the CBN Governor has the market held their breadth to contemplate the news they just heard. It regained a bit of its losses towards the end of closing but was not enough to regain its opening value. It closed at 38,816 after opening at 39,397. Below were the gainers and losers.
Note that Zenith Bank, UBA, Access Bank, GT Bank, First Bank, Diamond Bank, Ecobank Bank, Skye Bank, Sterling Bank, FCMB, Fidelity Bank all lost from their opening price*.
*Note: Open price is different from the closing price of the previous days close as the market can open at a higher or lower price than the previous days close.