Capital MarketNEWSLETTERUncategorized

Stock Market Extends 5-Day Losing Streak; Sheds -0.46% as Profit Taking Persists

stock market graphic image

Equities market closed today on a negative note, as NSEASI depreciated by -0.46% to close at 41,496.25 basis points as against -0.35% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +8.51%.

Market Breadth
Market breadth closed negative as FIDELITYBK led 19 Gainers as against 35 Losers topped by CADBURY at the end of today’s session- an Improved performance when compared with previous outlook.

Market Turnover
Market turnover closes positive as volume moved up by +19.49% as against +24.85% uptick recorded in the previous session. AFRINSURE , JAPAULOIL and FIDELITYBK were the most active to boost market turnover. DANGCEM and GUARANTY topped market value list.

Volume Shockers
ETI leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

Source: Proshare

About Author

Victor Okeh is a graduate of Economics from Lagos State University. He is versatile in reporting business and economy, politics and finance, and entrepreneurship articles. He can be reached via – [email protected]

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