Equities Market’s ASI Dips By 2.13% As Sell-Off Persists

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The All Share Index of the Nigerian Exchange (NGX ASI) decreased by 2.31% to 44,318.15 points against the previous close of 45,366.32 following sustained sell-off in AIRTELAFRI and a few other stocks.

As expected, the market’s Year-To-Date (YTD) return also weaken to 3.75% even as the Market Capitalization closed at N24.139 trillion against the previous close of N24.710 trillion.

Similarly, Volume traded decreased by 60.66% from 420.277 million to 165.352 million, while the total value of stock traded increased by 1.36% from N3.625 billion to N3.674 billion in 3,183 deals

As has been the trend over the past days, the Financial Services sector led the activity chart with 120.755 million shares exchanged for N1.231 billion. ICT came next with 13.925 million shares traded for N1.868 billion, Oil And Gas, Industrial Goods, Conglomerates sectors followed in that order on the activity chart.

The most active stocks by volume during the day’s trading were FBNH, GTCO, STERLNBANK, CHAMS AND ZENITHBANK while FIDELITYBK, JAIZBANK, MBENEFIT, AIICO AND OANDO emerged the highest price gainers on the chart.

Conversely, AIRTELAFRI, MRS, IKEJAHOTEL, NNFM AND LINKASSURE topped the losers chart at the end of the trading session..

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