Equities market maintains negative trend
…Mid-week trading losses N42bn

 

The Nigerian equities market maintained the negative outlook of yesterday’s loss to shed N42 billion today.
The bourse closed lower as market capitalization and the Nigerian Stock Exchange All Share Index dropped to N12.617 trillion and 36,652.82 basis points respectively to bring year till date returns to 36.38 percent. Market breadth closed lower as it did in the previous trading session with 19 gainers to 19 losers.
The volume and value of trades stood at 336 million shares and N1.83billion in contrast to 353 million shares and N3.26 billion which translate to 4.76 percent and 43.67 percent declines in both figures respectively. Transactions in the shares of Diamond Bank Plc, Skye Bank Plc, Zenith Bank Plc, Fidelity Bank Plc and FBN Holdings Plc topped the activity chart as the most traded equities as measured by volume.
The Insurance sector index recorded the greatest daily percentage change while the consumer goods sector index topped the opposing chart. NSE All Share Index remains unchanged.