The bench mark- All Share Index (ASI) opened the week on a negative note by -0.75% to close at 34,774.08 points.
A total volume of 668.5 million units of shares, valued at N7.84billion exchanged hands in 10,319deals. FBNH was the most traded shares by volume and value at 94.0million units and N2.50billion respectively.
Market breadth index was negative with 43 losers against 11 gainers. BOCGAS (+9.92%) led the gainer’s chart today, while NAHCO (-10.00%) was the top loser.
Across sectors, four of the indexes under our coverage closed south. The Banking and Consumer Goods sectors recorded the largest decline depreciating by -4.43% and -3.75%. Likewise, the Oil & Gas and Insurance sectors trailed by -3.09% and -1.71% respectively.
Sector performance
NSE Banking Index: Down by -4.43%, as profit taking and sell-offs persists in ETI (-9.56%), STERLNBANK (-9.63%), UBA (-8.70%) and ACCESS (-4.72%).
NSE Consumer Goods Index: Declined by -3.75%, as DANGSUGAR (-9.91%), FLOURMILL (-6.34%), and GLAXO (-5.56%) closed south.
NSE Oil & Gas Index: Dipped by -3.09%, due to price decline in OANDO (-10.00%), ETERNA (6.12%) and JAPAULOIL (-6.06%).
NSE Insurance Index: Fell by -1.71%, on price depreciation in CHIPLC (-8.82%) and MANSARD (-6.52).
NSE Industrial Index: Up by 2.09%, to close as lone gainer, due to price appreciation in BOC GAS (+9.92%) and BUACEMENT (+7.69%)
MorganCapital Research
