NSE Industrial index declined by 0.72% to close at 1,922.02 index points.
NSE Consumer Goods Index shed 6.10 index points, as shares of Vitafoam, Dangote Sugar, Nigerian Breweries declined on NSE.
Stock traders momentarily increased their selling pressures on technology shares that have rallied through COVID-19 and rotated into cyclical stocks.
The Board of Directors of Africa Prudential Plc has proposed the payment of N1 billion as dividend to qualifying shareholders.
The board of Nigerian Breweries Plc has proposed N5.52 billion as dividend to shareholders for 2020.
Today’s market performance was mostly driven by a significant dip in bellwether STANBIC by -10.00%.
United Capital Plc announced a payment of a total of N4.2 billion as dividend to shareholders for 2020.
The market breadth was negative today at 0.33x on 17 advancers and 23 decliners.
Investor sentiment as measured by market breadth was negative with 22 decliners and 18 advancers.
The most traded stocks by volume were GUARANTY (46.15 million units), FBNH (35.34 million units), and DANGSUGAR (26.81 million units).