NSE: All Share Index falls by 0.13%

Salamatu Ejembi, Lagos


The equities market has on Thursday reverted it’s Wednesday’s gains depreciating by 0.13% attributed to late sell-offs of GUARANTY TRUST BANK PLC and ZENITH BANK PLC.

The benchmark index level on Thursday stood at 27,646.15 basis points  relative to Wednesday’s 27,681.61 basis points.

The total volume of trades decreased by 23.94% from previous 379.51 million units, valued at N5.25 billion and exchanged in 3,923 deals on Wednesday, to 245.43 million units, valued at N1.67 billion and exchanged in 3,450 deals on Thursday.

FBN HOLDINGS PLC was the most traded stock by volume and value at 71.52 million units and N390.05 million respectively.

All sectors recorded positive returns, save for the Banking sector which declined by 1.5%.

The following indices all closed positive as Insurance Index appreciated by 2.90%, Consumer Goods Index appreciated by 0.62%, Oil & Gas Index which gained 0.14% and Industrial Goods which gained 0.06%

Market sentiment, as measured by market breadth, was positive as 22 stocks recorded gains relative to 16 losers.

On the gainers’ list, UACN with 9.93% and LINK ASSUARENCES PLC with 9.80% recorded the largest gains, while UPL with 8.70% and NEIMETH with 8.33% recorded the largest declines.

Peace PIAK