Bears Dominate New Year Trading as NSE Index Drops 0.95%

Transactions on the Nigerian Stock Exchange, NSE, closed south on Tuesday, January 5 as the All Share Index slumped by 0.95 per cent to close at 28,102.14 points from 28,370.32 on Monday, January 4.

Similarly, the market capitalization also fell from N9.757 trillion to N9.665 trillion.

Ecobank recorded the highest gain of the day with N0.84 gain or 5 per cent to N17.64 followed by Fidelity Bank with a gain of N0.07 or 4.83 per cent to close at N1.52 followed by Livestock that gained N0.06 or 4.51 per cent to close at N1.39 per share.

On the other hand, Stanbic IBTC topped the losers’ chart with N1.53 loss or 9.26 per cent to close at N15.00 followed by Unity Bank that lost 0.10 or 8.93 per cent to close at N1.02 per share, and Nigerian Breweries that lost N6.46 or 5 per cent to close at N122.74 per share.

All together, a total of 195,969,167 shares worth N1,892 billion exchange hands in 2,975 deals.