NSE Index Slides by 0.15% on Relentless Bearish Trade

To this end, the All-Share Index which opened trading at 25,499.38 lost 38.04 points or 0.15 per cent to close at 25,461.34.As investors’ appetite remained weak, market breadth closed negative with 11 gainers paired against 17 losers.

Forte Oil led the declining stocks losing 9.74 percent to close at N74.62 per share, closely followed by Livestock Feeds and Total that shed 5 percent each to close at 76 kobo and N255.58 per share respectively.

Neimeth Pharmaceuticals and Nascon Allied Industries also dipped by 4.88 and 4.77 percent each to close at 78 kobo and N7.19 per share.

On the flip side, Champion Breweries topped gainers table with an 8.41 percent appreciation to close at N2.45 per share. Flourmills followed with a 5 percent growth to close at N17.85 per share, while Africa Prudential Registrars recorded a gain of 4.91 percent to close at N2.78 per share.

Unity Bank grew by 3.57 percent to close at 58 kobo per share and Mobil added 2.63 percent to close at N195.01 per share.

Diamond Bank emerged the most traded stock for the day with 18.3 million shares valued at N16.6 million. Access Bank followed with 14.6 million shares worth N80.8 million, while Transcorp traded 13.7 million shares valued at N9.2 million.

Skye Bank traded 10.1 million shares worth N5.1 million and FBN Holdings came fifth, exchanging 7.7 million shares for N23.1 million.

Market performance as measured by the total volume traded showed a surge of 8 percent to 120.9 million units valued at N1.186 billion and transacted in 2,397 deals compared to 112.4 million shares valued at N858.5 million transacted in 2,532 deals on Monday.