The equities market closed down today as a result of the losses recorded in all sectors.
However, investment One analysts still maintain that investors should take positions in quality names with a medium to long time investment horizon as prices remain attractive at current levels.
Specifically, the equities market closed negative as NSE-ASI lost 1.08% to close at 2,533.40pts.
Specifically, the equities market closed negative as NSE-ASI lost 1.08% to close at 2,533.40pts.
Similarly, trade, market breadth index was negative with 24 losers against 8 gainers.
NCR (-9.97%) was the top loser today while LAW UNION (+10.00%) led the gainers’ chart.
ZENITH BANK (-4.56%) was the most actively traded stock with about 48million units of shares worth about N953million.
Sector Performance
NSE Banking Index: Shed 3.85%, on the back of the declines in STERLNBANK (-9.24%), FBNH (-8.40%), ACCESS (-8.08%), UBA (-6.88%) and ZENITHBANK (-4.56%).
NSE Industrial Index: Declined by 1.25%, due to the losses in BUACEMENT (-2.16%) and WAPCO (-0.33%).
NSE Oil & Gas Index: Lost 0.77%, due to the sell-off in FO (-9.95%).
NSE Consumer Goods Index: Dropped by 0.07%, as a result of the decrease in CADBURY (-9.77%).