Bear Run Retains Market Dominance as NSE Index Slides by 0.86%

Trading activities on the floor of the Nigerian Stock Exchange, NSE, traveled farther south as the All Share Index of listed 190 equities dipped by 207.64 basis points.

The index depreciated by 0.86 per cent on Wednesday, February 24, to close at 23,883.34 basis points, compared with the 1.40 per cent depreciation recorded previously.

However, market turnover closed positive as volume moved up by 33.60 per cent against 94.16per cent decline recorded in the previous session.

FCMB Plc, Zenith Bank Plc and Fidelity Bank Plc were the most active to boost market turnover. Zenith Bank Plc topped market value list.

Japaul Oil Plc leads the list of active stocks that recorded impressive volume at the end of the trading session.

However, market breadth closed negative as Mobil Oil Plc led 13 gainers against 24 losers topped by FCMB Plc at the end of the trading which was an unimproved performance when compared with previous outlook.


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