Home Stocks & Shares Equity market closed 4th trading negative, losing 1.3

Equity market closed 4th trading negative, losing 1.3

Equity market closed 4th trading negative, losing 1.3

COMFORT EKELEME

The Nigerian equities market closed the fourth trading session of the week negative, losing 1.33 % .Similarly, market breadth index was negative with 12 gainers against 23 stocks that declined.

Today’s performance was driven by the losses in ABCTRANS 9.86 per cent Diamond Bank 9.59%) Jaizbank 9.09per cent, Johnholt-9.09 per cent, Livestock 8.77 per cent and FCMB 8.33 per cent which outweighed the gains iKEJA HOTEL (+9.80per cent), BENEFIT (+8.70per cent) and ACCESS +7.14per cent.S

Sector Performance were broadly negative with Industrial ( ._214%) having the worst performance, followed by Banking (-1.79%), Oil & Gas (-0.05%). However, Consumer Goods (+0.05%)closed up.

In terms of activity level, total volume and total value increased by 101% and 63% respectively, as investors exchanged 442million units of shares worth N4.46billion. UNIVINSURE was the most actively traded with 150million units of shares worth about N30million.

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