Transactions on the floor of the Nigerian Stock Exchange, NSE on Wednesday, January 31, reversed its gains from previous trading session following sell-offs in Banking and Consumer Goods stocks.
Consequently, the All Share Index depreciated by 0.34% in Wednesday’s trading session.
Market Breadth index closed in the red as 30 stocks declined against 24 stocks that gained with FlourMill leading the advancers’ chart with a surge of 10.05%. Meanwhile LASACO had the worst performance leading the laggards’ chart with a drop of 8.70%.
NSE Consumer Goods Index closed negative by 1.10% as a result of International Breweries loss of 4.92%, PZ loss of 4.88% and NB loss of 2.00%.
NSE Banking Index shed 0.21% following FCMB’s loss 4.92%, Skye Bank’s loss 4.55%, Sterling Bank’s 4.55% loss, Fidelity Bank’s 3.68% loss and UBN 3.66% loss.
NSE Industrial Index closed positive with a surged of 1.87% following the price appreciation of 4.57% in WAPCO and a jump of 0.85% in CCNN stocks.
NSE Oil and Gas Index added0.33%, largely driven by the 1.90% gains in FO and 4.94% in ETERNA stocks.
At the end of the day, Diamond Bank was the most actively traded stocks with 69million units of shares accounting for 11% of total volume.
