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Sell pressure persists as market dips by -0.45%

Babajide Okeowo

Equities market closed today on a negative note, as the Nigerian Stock Exchange All-Share Index NSEASI depreciated by 0.45% to close at 28,966.41 points as against 0.34% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -7.84%.

Market Breadth

Market breadth closed flat as BETAGLAS led 21 Gainers as against 21 Losers topped by GOLDINSURE at the end of today’s session- an improved performance when compared with the previous outlook.

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Market Turnover                                                                                     

Market turnover closes negative as volume moved down by 24.51% as against 58.73%   uptick recorded in the previous session. UBA, ACCESS, and STERLNBANK were the most active to boost market turnover. GUARANTY and ZENITH BANK topped market value list.

Volume Shockers       

NCR leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.