Market-Cap falls below N11trn as Index sinks by -1.08%

The Nigerian Stock Exchange (NSE) market capitalization of the listed equities depreciated by N118.97 billion to close at N10.93 trillion in contrast to the N11.05 trillion recorded in the previous trading session.

Similarly, the index closed today’s trading at 32,031.73 points, down by -1.08per cent or 348.53 points, while its year to date return stands at -7.58per cent.

After close of trading activities, all sectors on the equities market dropped as only the Insurance sector gained points by 0.14per cent while the Oil and Gas sector was worst hit on the day losing by -1.74per cent.

In terms of sectors year to date performance, the Industrial goods sector has returned highest for the year with a Year-till-date(ytd) return of 3.05per cent and the Consumer goods sector the worst performing sector with a YTD return of -11.06per cent.

Volume of trades reduced to 193 million compared to 217 million recorded in the previous trading session. Value of trades reduced to N2.91 billion from N2.99 billion in the previous session. Zenith bank, Access Bank and First City Monument Bank were the most actively traded stocks in terms of volume, while Zenith bank, Forte Oil and Nigerian Breweries topped in terms of value.

A total number of 13 stocks recorded price appreciation while 31 stocks declined. Ashaka cement returned highest for the day, gaining by 4.98per  cent to close at N22.15, followed by Ikeja Hotel which also gained by 4.93per cent to close at N3.83. On the flipside, Beta glass topped the losers table for the day, shedding five per cent to close at N34.20 per share.

Oando followed also losing by -4.92per cent to close at N14.31, while unity Bank also declined by 4.82per cent  to close at N2.37.