The Nigerian Stock Exchange continued its downward spiral as the All Share Index depreciated for the second day in a row. The ASI closed -0.52% less despite a 54.51% increase in transaction volume. The total number of deals recorded on the floor reduced from 3,716 to 3,015, an -18.86% dip. The total value of all transactions also saw a -41.72% decline, this is a departure from recent trends in the market. Market Capitalization reduced from ₦10.71trillion to close at₦10.66 trillion at the close of trading today.
Market breadth also closed in the red for the third session in a row as FO led 10 gainers against 35 losers led by MOBIL.
Buoyed by an increase in the price of Brent crude on the world market, the Oil and Gas Index appreciated by 0.68%, this was despite the bearish nature of the market today. All other Indexes depreciated except ASEM which remained flat.
STDINSURE led the most active stock by volume list with 250,000,200 shares traded. ACCESS, GUARANTY, FBNH and UBA completed the list with a combined volume of 111,325,207 shares traded.
The NSE Year-To-Date currently stands at -10.24%.
