NSE Index Sheds 1.87% as Resilient Bear Runs Through Trading Activities

Trading activities on the floor of the Nigerian Stock Exchange, NSE, travelled farther south on Wednesday, February 17, as the  All Share Index decreased by 1.87% to close at 24,056.12 points.

Year-to-date (YTD), the NSE ASI plunged by 16.01%. Similarly, the Market Capitalization depreciated by 1.87% to close at N8.27trn, compared with the depreciation of 1.26% recorded yesterday to close at N8.43trn.

The depreciation recorded in the share prices of Dangote Cement, Guinness, Nestle, Unilever and GT Bank, were mainly responsible for the loss recorded in the Index.

The total value of stocks traded on the floors of The NSE today was N1.95bn, down by 32.22% from N2.88bn traded yesterday. The total volume of stocks traded was 335.61mn in 2,847 deals.

The three most actively traded stocks were: Resort, Savings and loans (108mn), UBA (82.76mn) and FCMB (24.92mn). The most actively traded sectors were: Financial Services (297.87mn), Industrial Goods (15.12mn) and Consumer Goods (9.48mn).

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