The Nigerian Stock Exchange, NSE, on Thursday, June 28, maintained its path down south for the fourth trading session of the week, further shrinking value of the bourses’ lead indices.
Consequently, the NSE All Share Index, ASI depreciated by 0.61 percent to close at 37,733.44 points and driven by sell-offs in Banking counters.
The market breadth index ended negative with 16 gainers paired against 20 stocks that declined at the end of the trading session.
Honeywell Flour Mills Plc with a surge of 9.55 percent was the highest gainer of the day, while Equity Assurance Plc with a decline of 4.55 percent led the losers chart.
The sectorial performance chart showed, the NSE Banking index dropping 0.72 percent following the decline in the shares of Wema Bank Plc and Diamond Bank Plc, that both slumped by 4.11 percent and 3.52 percent, Sterling Bank Plc and Zenith Bank Plc, that slipped by 2.11 percent and 0.41 percent respectively.
On the positive side, the NSE Industrial index perked by 1.45 percent driven by the buy interest in the shares of Lafarge Cement Wapco Nigeria Plc which closed up 5.00 percent.
The NSE Consumer Goods index followed suit, jumping by 0.53 percent on the back of the gains recorded in the shares of Honeywell Flour Mills Plc and Cadbury Nigeria Plc with both leaping by 9.55 percent and 4.00 percent each. Flour Mills of Nigeria Plc and Unilever Nigeria Plc added 3.70 percent and 2.45 percent apiece.
On the other hand, the NSE Oil & Gas Index closed flat.
At the end of trading, Champion Breweries Plc was the most actively traded with 140.35 million units of shares worth N270 million.
