The Nigerian stock market furthered its downward movement at the close of trading session on Monday March 18. At the sound of closing gong, only ten (10) stocks gained as against 20 losers. This led to the week opening on a negative note.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) decreased by 0.06percent, while the Year-to-Date (ytd) return stood at -0.97percent.
The All Share Index closed at 31,125.39 points as against the preceding day close of 31,142.72 points while Market Capitalisation closed at N11.607 trillion against preceding day close of N11.614 trillion.
Cutix Plc led the loser league after its share price declined by 2kobo or 8.89percent, from N2.25 to N2.05 while that of Dangote Flour Mills Plc recorded the highest advance by 75kobo or 7.35percent, from N10.2 to N10.95.
The volume of stocks traded decreased by 1.86percent, from 209.61million to 205.72million, while the total value of stock traded decreased by 42.16percent, from N3.32billion to N1.92billion in 3,821 deals.
The Financial Services sector led the activity chart with 181.9million shares exchanged for N1.70billion; followed by Consumer Goods with 8.51million shares traded for N111million.
Access Bank Plc, Zenith Bank Plc, UBA Plc, FCMB Group Plc, and GTBank Plc were actively traded stocks on the Nigerian Bourse.
Iheanyi Nwachukwu
