The equity segment of the Nigerian Stock Exchange, NSE , continued its downward trajectory on Thursday, February 4, as the All Share Index (NSE ASI) dipped further by 0.38% to close at 23,517.19 points, compared with the depreciation of 0.96% recorded on Wednesday, February 3.
Year-to-date (YTD), the NSE ASI depreciated by 17.89%. Similarly, the Market Capitalization slid by 0.38% to close at N8.09trn, compared with the marginal appreciation of 0.96% recorded yesterday to close at N8.12mrn.
The depreciation recorded in the share prices of Dangote Cement, Nestle, Dangote Sugar, Oando, and UBA were mainly responsible for the loss recorded in the value of the Index.
The total value of stocks traded on the floors of The NSE today was N3.74bn, up by 28.54% from N2.91bn traded yesterday. The total volume of stocks traded was 2,641mn in 3,057 deals.
The three most actively traded stocks were: Wema Bank (2,453mn), FBN Holdings (40.70mn) and FCMB (38.02mn). The trading in Wema Bank shares accounted for 92.88% of the total volume traded today. The most actively traded sectors were: Financial Services (2,603mn), Conglomerates (22.69mn) and Consumer Goods (6.78mn).
