Shares of Zenith Bank, UACN, others depreciates

…as NSE All Share Index drops by 0.96%

The equity market closed on a negative note yesterday as the Nigerian Stock Exchange All Share Index (NSE ASI) decreased by 0.96% to close at 23,605.89 points, compared with the marginal appreciation of 0.03% recorded. Year-to-date (YTD), the NSE ASI depreciated by 17.58%.

Market Capitalization also depreciated by 0.96% to close at N8.12trn, compared with the marginal appreciation of 0.03% recorded earlier to close at N8.20trn.

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The depreciation recorded in the share prices of Zenith Bank, GT Bank, Nigerian Breweries, UACN, and Transcorp were mainly responsible for the loss recorded in the value of the Index.

The total value of stocks traded on the floors of The NSE was N2.91bn, up by 20.75% from N2.41bn traded yesterday. The total volume of stocks traded was 1,315mn in 4,012 deals.

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The three most actively traded stocks were: Wema Bank (1,136mn), FBN Holdings (35.58mn) and GT Bank (27.08mn). The trading in Wema Bank shares accounted for 86.44% of the total volume traded today. The most actively traded sectors were: Financial Services (1,284mn), Conglomerates (13.42mn) and Consumer Goods (8.38mn).