Bear’s Renewed Weight Costs NSE Index 0.37%

Trading activities on the floor of the Nigerian Stock Exchange, NSE, traveled south on Monday, February 1, opening the new month on a negative note.

The NSE all share index also dipped by 89.39 points, representing 0.37% per cent loss from 23,916.15 basic points to close at 23,826.76 points compared to 1.3 per cent increase on Friday, January 29.

The market capitalization at the end of the trading dropped from N8.225 trillion to N8.194 trillion.

Market breadth closed negative as Seplat Petroleum Development Company Plc led 19 gainers against 25 losers, topped by Forte Oil Plc at the end of the trading session, which was an unimproved performance when compared with the previous outlook.

Market turnover closes positive as volume soared by 8.70 per cent against 11.6 per cent decline recorded in the previous session.

 

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