Local bourse halts uptrend of six consecutive trading days, sheds 0.09%

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The Nigerian equity market today began the trading week on a negative note as the All-Share-Index depreciated by 0.09% to halt previous positive sentiment of six consecutive trading day.

The downtrend was supported by value depreciation on some bellwether stocks like ZENITHBANK, GUARANTY, FBNH and 13 others. However, the market breadth closed on a positive note, recording 16 gainers as against 15 losers.

  • Local bourse halts uptrend of six consecutive trading days, sheds 0.09% - Brand Spur
    NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 23.41 absolute points, representing a dip of 0.09% to close at 25,582.23 points. Similarly, the overall Market Capitalisation size shed N12.22 billion, representing a contraction of 0.09% to close at N13.35 trillion.

ETERNA emerged as the top gainer while HONYFLOUR emerged as the top loser.

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The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (-6.25%),  DANGSUGAR (-3.60%) GUARANTY (-2.45%),  UBA (-2.33%), FBNH (-1.00%), ZENITHBANK (-0.57%) and GUINNESS (-0.35%)

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