WorldStage Newsonline—Nigeria’s equities market opened the week on a negative note, as the NSE ASI recorded a depreciation of 0.20% to close at 37,267.96 points, compared with the appreciation of 0.23% recorded last Friday. The year-to-date (YTD) return of the NSE ASI currently stands at 32.73%.
Similarly, the Market Capitalization also dropped by 0.20% to close at N11.87trn, compared with the gain of 0.23% recorded last Friday to close at N11.90trn
The decline in the Index could be attributed to losses recorded in the share prices of some highly capitalised stocks such as: Nestle, Guinness, UBA, Stanbic IBTC Holding and Zenith Bank, amongst others.
The total value traded on the floors of the NSE was N3.91bn, down 18.93% from N4.81bn recorded last Friday. The total volume traded was 295.69mn in 5,291 deals.
The three most actively traded stocks were: Zenith Bank (60.52mn), Transcorp (36.99mn) and GT Bank (29.95mn) while the most actively traded sectors were Financial Services (216.24mn), Conglomerates (37.87mn) and Oil and Gas (13.78mn).