NSE INDEX DOWN BY 0.24% AS ETI, GTB, FBN HOLDINGS EMERGE MOST TRADED

 

Nigerian Stock Exchange

WorldStage Newsonline—Nigeria’s equities market closed on a negative note Thursday, as the Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.24% to close at 33,175.78 points, compared with the depreciation of 0.88% recorded yesterday.  Year-to-Date (YTD), the Index has depreciated by 19.73%.

Similarly, the Market Capitalization depreciated by 0.24% to close at N10.95trn, compared with the depreciation of 0.88% recorded yesterday to close at N10.98trn.

 The depreciation in the Index today could be attributed to the losses recorded in the share prices of  some highly capitalised stocks such as:  FBN Holdings, Lafarge Africa, GT Bank, Access Bank and Seplat amongst others.

The total value of the stocks traded today on the floors of The NSE was N7.69bn, up by 60.50% from  N4.79bn traded yesterday.

The total volume of stocks traded was 541.49mn in 4,198 deals. The three most actively traded stocks were: ETI (167.17mn), GT Bank (51.07mn) and FBN Holdings (40.82mn), while the most actively traded sectors were: Financial Services  (427.96bn),  Services (31.73mn) and  Conglomerates (29.14mn).