The All Share Index of the Nigerian Stock Exchange started the week on a negative note with a 2.22% loss as investor patronage and confidence falls amidst increasing capital outflows and deepening sell off. The ASI closed at 29,214.13 basis points, with the Market Capitalization closing at N10.01 trillion.
The total value of transactions reduced by 43.91% compared to 6.33% depreciation on Friday. The number of deals recorded reduced by 4.41% compared to a 10.69% increase on Friday, while the volume of transactions recorded reduced by 25.45% as against a 87.97% depreciation on Friday.
The NSE 30 Index lost 2.09% while the Insurance Index lost 1.62%. Despite falling global oil prices the Oil and Gas Index gained 0.53% as the Banking Index lost 3.22%. The Consumer Goods Index ended the day in the red losing 1.17%, same as the LOTUS Index losing 1.94% and the Industrial Index depreciated by 1.85% as the ASEM Index remained unchanged.
UBA, ZENITHBANK and ACCESS were the most active to boost market turnover on the exchange today.
Market breadth closed in the negative as PAINTCOM led 9 Gainers against 46 Losers led by PZ.
Year-To-Date stands at -15.71%
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