The bearish trend persisted in the Nigerian bourse as the Nigerian All Share Index fell further by -0.94 % to close at 21,100.54 points. Market capitalization closed by the same margin to N10.996 trillion, bringing YTD performance to -17.81%.
The activity level was weak as total volumes and values traded dipped by -63.38% and 2.52% respectively, to a total of 154.55million shares valued at N1.767billion, in 3,415 deals.
ZENITH BANK was the most traded stock by volume at 38.67 million units, followed by GTB with 22.25 million units of trades. Market breadth index was negative as UNILEVER (-10.00%) led 26 losers, as against 6 gainers topped by MTNN (+9.33%).
Sector performance mirrored the broad index, as three out of the five indices closed negative, with the Oil and gas index remaining unchanged. The Industrial and Banking indices depreciated the most by -2.57% and -1.99% on losses sustained in DANGCEM (-9.95%), ETI (-8.99%) and ACCESS (-3.36%).
Similarly, the Consumer Goods index declined by -1.22% due to negative sentiments in UNILEVER (-10.00%), GUINNESS (-9.92%) and FLOUR MILL (-9.88%). Conversely, the Insurance Index closed as the lone gainer by +0.08% 0n WAPIC (+4.00%) price appreciation.
MTNN up 9.33% to close at N98.4, INTBREW up N4.9, up 9.18% to close at N5.35, CADBURY up 4.41% to close at N7.1, NAHCO up 4.00% to close at N2.6, LIVESTOCK up 8.47% to close at N0.64
DANGCEM down 9.95% to close at N116.8, GUINNESS down 9.92% to close at N22.7, FLOUR MILL down 9.88% to close at N19.15, UNILEVER down 10.00% to close at N9.9, NB down 3.31% to close at N24.8