Transactions at the Nigerian Stock Exchange, NSE, on Friday, May 11, remained downbeat onn very weak investors’ sentiment.
Consequently, the All Share Index, ASI of the bourse, depreciated by 0.48% to close at 41,022.31 points, amidst sessions of sideways trading during the week.
Also the market breadth index closed in the red with 48 declining stocks paired against 32 advancing stocks.CCNN added a whooping 29.75%, leading the advancers’ chart, while Niger Insurance dropped a staggering 14.29% in stock value to sit atop the laggards’ table.
The sectoral performance chart showed the Consumer Goods Index sliding by 1.58% and Banking Index dropping 0.01%. Meanwhile, the Industrial Goods index grew by 1.16% and Insurance Index added 1.16% to close higher for the week. The Oil & Gas index, however closed flat.
Year-to-Date, the benchmark index remained positive at 7.27%, while the Month-to-Date return stands at a loss of 0.60%.
At the end of trading, total volume and value of trades stood at 19.15% and 24.75% respectively, higher than the previous week at 1.59 billion units and NGN25.99 billion, respectively.
