Bear Consolidates Hold on Trading as NSE Index Sheds 1.36%

Trading activities on the Nigerian Stock Exchange, NSE, closed in the red zone as the All Share Index dropped by 1.36% on Tuesday, February 23, to close at 24,090.98 points.

 Year-to-date (YTD), it depreciated by 15.89%.

Likewise, the Market Capitalization dropped by 1.36% to close at N8.29trn, compared with the marginal depreciation of 0.04% recorded yesterday to close at N8.40trn.

 The depreciation recorded in the share prices of Dangote Cement, FBN Holdings, ETI, Oando, and Transcorp were mainly responsible for the loss recorded in the Index.

The total value of stocks traded on the floors of The NSE today was N1.26bn, down by 78.92% from N5.99bn traded yesterday. The total volume of stocks traded was 201.72mn in 2,559 deals.

The three most actively traded stocks were: FBN Holdings (66.62mn), Beco Petroleum (25.00mn) and GT Bank (15.92mn). The most actively traded sectors were: Financial Services (144.92mn), Oil and Gas (28.72mn) and Consumer Goods (13.49mn).

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