NSE index drops further by 2.21%, as PZ, Guinness, Seplat, NB, Transcorp shed weight

Nigerian Stock Exchange
WorldStage Newsonline—Nigeria’s equity market closed on a negative note today, as the Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 2.21% to close at 32,203.62 points, compared with the depreciation of 0.43% recorded yesterday. Year-to-Date (YTD), the Index depreciated by 22.08%.
Similarly, the Market Capitalization depreciated by 2.21% to close at N10.63trn, compared with the depreciation of 0.43% recorded yesterday to close at N10.87trn.
The depreciation in the Index today could be attributed to the losses recorded in the share prices of some highly capitalised stocks such as: PZ Cussons, Guinness, Seplat, Nigerian Breweries and Transcorp amongst others.
The total value of the stocks traded today on the floors of The NSE was N6.66bn, down by 12.20% from N7.59bn traded yesterday.
The total volume of stocks traded was 376.20mn in 4,230 deals. The three most actively traded stocks were: FBN Holdings (99.29mn), GT Bank (73.25mn) and ETI (32.97mn), while the most actively traded sectors were: Financial Services (314.98mn), Consumer Goods (24.60mn) and Conglomerates (16.94mn).
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