The equity market closed the week on a negative note, as The Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.23% to close at 25,454.93 points.
The depreciation recorded in the share prices of GT Bank, Forte Oil, Zenith Bank, FBN Holdings, and ETI were mainly responsible for the loss recorded in the Index.
Week-on-week, the Index depreciated by 0.77%, While Year-to-date, It depreciated by 5.28%.
Similarly, the Market Capitalization depreciated by 0.23% to close at N8.81trn, compared with the marginal depreciation of 0.0003% recorded yesterday to close at N8.83trn.
The total value of stocks traded on the floors of The NSE was N2.33bn, up by 64.61% from N1.42bn recorded yesterday. The total volume of stocks traded was 346.02mn in 2,613 deals. The three most actively traded stocks were: Continental Reinsurance (203.13mn), International Breweries (27.25mn) and Stanbic IBTC (16.65mn). The most actively traded sectors were: Financial Services (296.44mn), Conglomerates (32.82mn) and, Oil and Gas (4.48mn).