NSE Index Declines 0.08% Further as Bearish Momentum Persists

Transactions on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, September 19, closed in the red for the third consecutive day. Consequently, the All-share Index dropped 0.08% to close at 34,846.82 points, while market capitalization dropped to N12.012trillion.

FBN Holdings, 7up and NEM sat atop the day’s losers with a crash of 4.99, 4.96 and 4.92 percent to close at N5.14, N85.82 and N1.16 per share each.

The day’s gainers were led by Linkage Assurance, AXA Mansard and Jaiz Bank. They added 5, 4.74 and 4.48 per cent each to close at 63 kobo, N1.99 and 70 kobo respectively.

The top three most traded stocks were GTB, FCMB and FBNH with the sale of 38.8m units at N1.3bn, 12.6munits at N12.9m and 12.5m units at N65.2m respectively.

At the end of market session, volume and value traded in 3,783 deals soared by 7.4 and 83.8 percent each to close at 174.7mn units valued at N2.83bn.This is in contrast with 162.7m units of shares valued at N1.54bn and exchanged in 3,225 deals on Monday.