NSE Index falls by -0.38% over low investors’ appetite

The equities market segment of the Nigerian Stock Exchange (NSE) closed negative yesterday as investor sentiments continue to drag trading downward.

The NSE index closed yesterday at 32,739.11 points, down by 0.38per cent  from 32,863.43 points while its Also, the market capitalization of the listed equities depreciated by N42.44 billion to close at N11.17 trillion in contrast to the N11.21 trillion recorded in the previous trading session.

After close of trading activities, all sectors on the equities market returned mixed performance as the Oil and Gas sector returned the highest gain of 0.70per cent while the Consumer goods sector was worst hit on the day lost 1.29per cent.

Volume of trades reduced to 186 million compared to 323 million recorded in the previous trading session. Value of trades reduced to N1.76 billion from NGN4.72 billion in the previous session. Access Bank, Zenith Bank and Diamond Bank Plc were the most actively traded stocks in terms of volume, while Zenith Bank, Access Bank and Guaranty Bank Plc topped in terms of value.

A total number of 23 stocks recorded price appreciation while 28 stocks declined. PZ returned highest for the day, gaining by 4.99per cent to close at N31.97, followed by Portpaint which also gained by 4.94per cent to close at N4.67.

On the flipside, Redstarex topped the losers table for the day, dropped five per cent to close at N4.75 per share. Champion followed also losing by 4.96per cent to close at N5.94, while Fidson also declined by 4.86per cent to close at N3.33.