NSEASI records seven days consecutive decline, closes 1.01% lower, Friday

The Nigerian Stock market on Friday extends a stretch of decline to seven days as the All Share Index declines 1.01% to close at 39,323.62 points as against the previous close of 39,723.85 points on Thursday.

Market capitalisation also declined by 1.01% to settle at N14.244 trillion as against N14.389 trillion of the last trading session, shedding N145 billion.

Volume and value of traded stocks on Friday grew by 15.43% and 47.25%, settling at 295.996 million units and N2.949 billion respectively.

Market Breadth

The market breadth closed very weak as 12 stocks gained while 42 lost.

Percentage Gainers

Ikeja Hotel led other percentage gainers closing 9.79% above the previous close of N2.35, to settle at N2.58

MRS grew 4.95% and Sterling Bank grew 4.65% ahead of other few stocks on the chart

Percentage Losers

Equity Assurance tops losers’ chart losing 8.70% of its share price, while Fidelity, Japaul Oil and Dangote Flour shed 7.77%, 7.69% and 6.81% respectively.

Volume Drivers

The most actively traded stocks of the day is Zenith Bank, trading about 22.211million units of its shares in 582 deals, worth about N592.548 million



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