The equity market declined today as the share price of Dangote Cement exerted downward pressure on the market. Consequently, The Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.40% to close at 25,136.63 points. Other companies that contributed to the depreciation recorded in the NSE ASI were Transcorp, Forte Oil, Stanbic IBTC, and Oando. Year-to-date, the NSE ASI depreciated by 6.47%. Similarly, the Market Capitalization depreciated by 0.40% to close at N8.69trn, compared with the appreciation of 0.27% recorded last Friday to close at N8.73trn.
The total value of stocks traded on the floors of The NSE was N681.16mn, down by 70.55% from N2.31bn recorded last Friday. The total volume of stocks traded was 135.40mn in 2,909 deals. The three most actively traded stocks were: Diamond Bank (50.53mn), FBN Holdings (13.20mn) and Fidelity Bank (9.58mn). The most actively traded sectors were: Financial Services (113.57mn), Oil and Gas (8.40mn), and Conglomerates (6.39mn).