Bad Run Continues As Stock Exchange Loses 0.06%

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With oil prices yet to rebound, the continued bearish tendencies of the market and investors lukewarm attitude, the All Share Index of the Nigerian Stock Exchange again dipped by 0.06% at the end of today’s session, after losing 0.47% yesterday. The ASI lost 16 basis points to end the day at 28,203.20 basis points, while Market Capitalization for the market at the close of trading today was N9.6 Trillion.

A total of 2,126 deals were struck today, a decrease from 2,406 deals recorded yesterday, while the total volume of shares traded on the floor today were 173,958,938 and the total value of transactions recorded today was N1.05 Billion.

PZ led the gainers chart today adding N1.25 to close at N26.25 followed by CADBURY and ASHAKACEM which added N0.95 and N0.60 close at N20.05 and N23 respectively; PORTPAINT and ETRANZACT added N0.18 and N0.11 to close at N3.38 and N2.46 respectively.

The losers chart was led by CAP who lost N2.02 to close with a share price of N38.93 followed by NB and 7UP who lost N0.59 and N0.45 to close with share prices of N120.01 and N183.55 respectively; OANDO and IKEJAHOTEL lost N0.36 and N0.16 to close with share prices of N6.86 and N3.26 respectively.

The top five most actively traded shares by volume on the exchange today were STERLNBANK with shares valued at N74 Million, ACCESS with shares valued at N136 Million, FBNH with shares valued at N132 Million, FIDELITYBK with shares valued at N29 Million and UBN with shares valued at N101 Million.

Market breadth closed positive as PZ led 17 Gainers against 14 Losers led by CAP.

Year-To-Date currently stands at -18.62%.

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