The equity market declined further today, as The Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.58% to close at 25,183.10 points. The depreciation recorded in the share prices of Zenith Bank, Nigerian Breweries, Forte Oil, Guinness and FBN Holdings were mainly responsible for the loss recorded in the Index.
Year-to-Date, the Index depreciated by 6.29%. Similarly, the Market Capitalization depreciated by 0.58% to close at N8.72trn, compared with the depreciation of 0.17% recorded yesterday to close at N8.77trn.
The total value of stocks traded on the floors of The NSE was N2.39bn, down by 34.47% from N3.65bn recorded yesterday. The total volume of stocks traded was 228.02mn in 2,958 deals. The three most actively traded stocks were: Zenith Bank (81.71mn), UBA (27.25mn) and United Capital (22.62mn). The most actively traded sectors were: Financial Services (206.63mn), Consumer Goods (9.46mn), and Conglomerates (6.01mn).