Nigeria’s Banking stocks hit by asteroids, Index down 0.39%

  • Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!

Simonson Harry

Well-Known Member
Apr 21, 2020
452
288
63
22
Nigerian stock market started the week on a sad route as the All Share Index shed 0.39% to close at 23,950.83 index point


Nigerian stock market started the week on a downward trend as the All Share Index shed 0.39% to close at 23,950.83 index points.
In today’s trading session, activity level showed a weak performance, as total volume and value traded fell by 0.64% and 19.06% to 207.24 million units and N1.77 billion respectively.

  • Market sentiment, as measured by market breadth, was slightly positive, with 14 gainers led by UNILEVER (+10.00%), as against 12 losers topped by CAP (-9.83%).

  • FBNH closed the day as the most actively traded stock with about 44 million units of shares marked to market at N208 million.


  • Sector performance finished mixed, as NSE Banking Index lost -2.76% due to sell-offs in UBN (-8.57%), GUARANTY (-4.33%) and ZENITHBANK (-2.27%).



  • NSE Insurance Index shed -0.24% as WAPIC (-9.10%) closed lower. Industrial Index also fell by 0.08%, due to the loss in CAP (-9.83%).
  • However, Oil & Gas Index climbed 0.93%, on buy-interest in OANDO (+5.66%) and ARDOVA (+4.58%), and Consumer Goods Index was up by 0.33% on gains recorded in UNILEVER (+10.00%).
 
Last edited: