The equity market closed the last trading day of the week on a negative note. The Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.62% to close at 25,250.37 points.
The depreciation recorded in the share prices of Forte Oil, Nigerian Breweries, GT Bank, FBN Holdings and Nestle were mainly responsible for the loss recorded in the Index.
However, week-on-week, the NSE ASI appreciated marginally by 0.34%. Year-to-Date, the Index depreciated by 6.04%. Similarly, the Market Capitalization depreciated by 0.62% to close at N8.74trn, compared with the appreciation of 0.63% recorded yesterday to close at N8.79trn.
The total value of stocks traded on the floors of The NSE was N2.42bn, up by 38.10% from N1.75bn recorded yesterday. The total volume of stocks traded was 259.31mn in 2,402 deals.The three most actively traded stocks were: AIICO (97.54mn), Zenith Bank (28.40mn) and ETI (18.68mn). The most actively traded sectors were: Financial Services (227.99mn), Consumer Goods (14.20mn), and Conglomerates (11mn).
