Tuesday, 28 July 2015

Nigerian Stock Exchange index dip by 0.91%, as GTBank, Access Bank most traded

Trading on the floor of the Nigerian Stock Exchange (NSE) closed Monday on a negative note as the All Share Index (ASI) depreciated by 0.91% to close at 30,807.54 points, compared with the depreciation of 0.27% recorded last Friday. Year-to-Date (YTD), it has depreciated by 11.11%. 
The depreciation recorded in the Index could be attributed to the losses recorded in the share prices of some highly capitalised stocks such as: Transcorp, Nigerian Breweries, GT Bank, Zenith Bank and Forte Oil, amongst others. Similarly, the Market Capitalization depreciated by 0.91% to close at N10.56trn, compared with the depreciation of 0.40% recorded last Friday to close at N10.66trn.
The total value of the stocks traded on the floors of The NSE was N2.29bn, up by 28.24% from N1.79bn traded last Friday. The total volume of stocks traded was 184.17mn in 3,557 deals.
The three most actively traded stocks were: Access Bank (37.99mn), Zenith Bank   (26.80mn) and GT Bank (22.70mn), while the most actively traded sectors were: Financial Services (148.78mn), Consumer Goods (9.72mn) and Oil and Gas (6.88mn).