Profit taking, largely in the banking stock has seen the Equities market of the Nigerian Stock Exchange (NSE) close yesterday on a negative note, and the Market capitalisation shed N294 billion to close at N12,786 trillion.
Shareholders of five banks: Access, Zenith, UBA, FBNH and GTB, disposed a combined 276 million shares for a total value of N3.5bn.
The NSE All Share Index (ASI) depreciated by -2.25 per cent to close at 37,096.60 basis points as against -0.65 per cent depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +38.04 per cent.
Market breadth closed negative as Berger led 11 Gainers as against 35 Losers topped by MORISON at the end of today’s session-an unimproved performance when compared with previous outlook.
Market turnover closes positive as volume moved up by +23.88 per cent as against -10.61 per cent downtick recorded in the previous session. Access, Zenith and UBA were the most active to boost market turnover. Access and Zenith topped the market value list.
Berger leads the list of active stocks that recorded impressive volume spike at the end of today’s session.
The summary of the market activities shows that a total of 391 million shares, valued at N5.4bn exchanged hands in 5,285 deals
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