Nigerian equity market sustains previous negative sentiment, dips by 0.19%
The Nigerian equity market today (Wednesday) closed on a negative note as the All-Share-Index contracted by 0.19%, to sustain the previous negative sentiment to two consecutive trading days. The downtrend was supported by value depreciation on some bellwether stocks like ACCESS, FBNH, ZENITHBANK, and 12 others. Consequently, the market breadth closed on a negative note, recording 19 losers as against 17 gainers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 47.65 absolute points, representing a dip of 0.19% to close at 25,550.31 points. Similarly, the overall Market Capitalization size shed N1.16 billion, representing a contraction of 0.19% to close at N13.35 trillion.
LEARNAFRCA emerged as the top gainer while ROYALEX emerged as the top loser.
The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; WAPCO (-3.70%), ACCESS (-1.49%) ETI (1.22%), ZENITHBANK (-1.16%), FBNH (-1.00%), and UBA (-0.83%).
|CAP||N13,352,926,046,427.02||One Day (ASI CHG)||-0.19%|
|Index||25,550.31||One Week (ASI CHG)||+0.49%|
|Volume||211,816,446.00||One Month (ASI CHG)||+1.66%|
|Value||N2,417,710,833.80||Six Months (ASI CHG)||+12.11%|
|Deals||3,651||52 Weeks (ASI CHG)||-7.34%|
NASD OTC MARKET
The NASD OTC market today (Wednesday) closed on a negative note as the Unlisted Securities Index (USI) closed at 722.13, representing a 0.69% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N3.67 billion closed at N530.45 billion, representing a 0.69% depreciation against the previous day’s closing position. Consequently, the aggregate volume and value decreased by 20.65% and 89.02% respectively, as investors traded a total of 812,166 shares, worth N8.17 million in 9 deals.