Equity market open on negative note, ASI depreciates by 0.95%

The equity market opened the week on a negative note, as The Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.95% to close at 25,273.03 points.
The depreciation recorded in the share prices of Dangote Cement, Nigerian Breweries, GT Bank, UBA and Access Bank were mainly responsible for the loss recorded in the Index. 
Year-to-date, the Index depreciated by 5.96%. Similarly, the Market Capitalization depreciated by 0.95% to close at N8.74trn, compared with the depreciation of 0.07% recorded last Friday to close at N8.83trn.

The total value of stocks traded on the floors of The NSE was N682.76mn, down by 99.28% from N94.26bn recorded last Friday. The total volume of stocks traded was 97.69mn in 2,634 deals. The three most actively traded stocks were: Fidelity Bank (26.69mn), Diamond Bank (9.77mn) and UBA (9.33mn). The most actively traded sectors were: Financial Services (78.19mn), Consumer Goods (6.01mn) and Conglomerates (4.93mn).