Business

NSE ASI down by 1.19%

NSE1

Trading activities on Nigeria’s stock market started on a sour note as lead market indices dropped 1.19 percent.

The  All Share Index settled at 25, 207.07 points after losing 1.19 percent from previous closing figure.

Market capitalisation closed at N8.722 trillion following a loss of N105 billion. The year to date losses  thus increased to -6.3 percent

Fidelity Bank topped the day’s 18 depreciating stocks. It lost 9.09 percent to close at 80 kobo, Ecobank Transnational (ETI) was next with a decline of 5 percent to close at N7.79 per share and Eterna Oil depreciated 4.98 percent to close at N3.05 per share.

On a positive note, FBN Holdings led 13 other gainers with a growth of 5 percent. The stock closed at N3.36. CI leasing followed, increasing by 4.69 percent to close at 67 kobo per share, while Dangote Flour started the week with an appreciation of 4.27 percent to close at N4.40 per share.

Market activity measured by volume and value closed mixed, as investors in 2,854 deals moved 254.96 million shares valued at N2.45 billion compared to 349.3 million shares worth N2.3 million transacted in previous session.

 

Diamond Bank topped trading activities for the day with 51.8 million units of shares valued at N42.3 million.

Guaranty was next with 40.9 million shares at N1.0 billion, while FBN Holdings moved 20.7 million shares worth 67.8 million.

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