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Home Markets Equities Stock Market
Nigerian Stock Exchange, Nigerian Stocks, Daily market summary, NSE, Bourse bows to bears as ASI dip 0.55% on Friday, NSE: Bears dominant reign continues as ASI shed 4.91% on Tuesday, Bearish trend persists at Nigerian Stock Exchange, as investors lose N456 billion, Bears return, Nigeria’s local bourse drops 0.12%, Bears return Nigeria's ASI index down 3.12% Investors lose N370 billion, Bulls lift Nigerian bourse up 0.10%, as trading volume picks up,  BUACEMENT, CADBURY, WAPCO Bring the Bears to Party, Investors Lose N198.05 Billion

Nigerian bourse drops by – 0.05%, Investors lose N6.09billion

Olumide AdesinabyOlumide Adesina
4 years ago
in Stock Market
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Nigerian bourse Index dropped marginally by 0.05% despite the Stock Exchange recording 21 gainers as against 7 losers at the end of trading session today.

In addition, the overall Market Capitalization size lost N6.09 billion, representing a dip of 0.05% to close at N11.32 trillion.

In summary, the Nigerian Stock Exchange index decreased by 11.68 representing a dip of 0.05% to close at 21,729.48. Consequently, the year to date loss of the NSE ASI increased to 19.05% as we rightly noted yesterday,

Specifically, share prices of TOTAL and MTN moderated by 10.00% and 2.91% respectively; hence, dragging the NSE Oil/Gas down by 1.01%.

READ ALSO: Bulls stage comeback as ASI up 0.19%, investors gain N21.86 billion

Market activity was weak as volume and value of stocks traded tanked by 29.27 per cent and 37.25 per cent to 0.23 billion units and N2.24 billion respectively.

Top gainers

The advancers include CADBURY up 9.71%, UBA up 9.09%, PZ up 8.64%, ZENITHBANK up 7.31%, WAPCO up 4.40%.

Top losers

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; Total down10.00%, African Prudential down 9.87%, FCMB down 3.85% and MTN Nigeria -2.91%.


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Tags: GTBankMTN NigeriaNigerian Business NewsTotal Nigeria Plc
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market journalist and investment trader. Message Olumide on Twitter @tokunboadesina

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