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

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Simonson Harry

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Apr 21, 2020
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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%).
 
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