Nigeria Stock Exchange: Market Spirals Downwards Entire Week

The Nigerian Stock Exchange continued to sustain losses yesterday as the All Share Index dipped by 0.04% to settle at 20,623.63.

The Banking sub-sector closed up marginally by 0.03% due to the positive uptick in top tiers FirstBank (0.3%), GTBank (1.26%), and Zenith (0.24%). Access was also up 1.03%. Sustaining losses in the sub-sector were UBA (-4.74%), Diamond (-5%), Fidelity (-1.4%). Others were Skye, Stanbic, Union and Unity banks.

The Consumer Goods sector was also up in yesterday’s session, appreciating by 0.54%. The sector was helped by gains in Nigerian Breweries (+1.38%), Guinness (0.08%). Dangote subsidiaries in the sector namely, Dangote Sugar (-3.49%), Dangote Flour (-0.45%), and NASCON (-1.55%) were all on the decline.

The Insurance sub-sector dropped by 0.38%, motivated by losses in GTAssur (-1.69%), and Intercontinental Wapic (-3.7%).

The volume of shares traded depreciated by 48% from previous day levels and the value of shares also declined by 11%. Over 211 million shares valued at N 1.34 billion were traded on the bourse.

Here were the top gainers on Friday:

A list of the top 5 trailers in the same session:

Activity Level Leaders were drawn primarily from the Financial Services sector, the top 5 were: