Equities market halts gains, depreciates by 0.15%


THE Nigerian Equities market ended its positive run as it lost 15 basis points at the close of trading session on Tuesday with the All Share Index (ASI) and market capitalisation closing lower at 36,776.60 and N12.785 trillion respectively.

At the end of session on the Nigerian Stock Exchange (NSE) major market indicators depreciated by 0.15 percent

The market breadth closed parallel as 19 gainers were recorded against 19 losers.

The volume of trades stood at 353 million shares in contrast to 262 million shares traded on Monday while the value of trades for the day summed up to N3.26 billion against Monday’s three billion naira.

The improvement in trade volume is mostly owed to Diamond Bank Plc, Fidelity Bank Plc, FCMB Holdings, Guaranty Trust Bank Plc and Zenith Bank Plc being that they recorded the most activity on that basis.

Nigerian Breweries Plc, Guaranty Trust Bank Plc, Dangote Cement Plc, Zenith Bank Plc and Diamond Bank Plc make up the top five most traded stocks based on trade value.

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