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From NSE Data, the equity market completed a eight-day losing streak to close the second week of July today Friday 10th, sliding by -0.12% to close at 31,729.26.

The bears maintained a firm hold on the market  from Monday till Friday as 21 losers over 17 gainers are recorded on the chart today.

Also, the decrease took the week–to–date, the month–to–date and year-to-date market returns to a deeper loss of -2.49% ,-5.16% and -8.45% respectively.

MULTIVERSE, WAPCO and GUARANTY were the most active stocks boosting market turnover in the bourse despite the loss.

Volume traded increased by 113.78% to 475.01 million shares, valued at N3.94 billion and traded in 3,007 deals. The highest gainer recorded was CONTISURE with a 7.84% gain in its price, while UNILEVER on the other hand was the highest loser with -5.00% loss in its price.

Two out of the five key sectoral indices were affected again in today’s pullback except the Industrial Sector, which rallied on the strength of the high-cap WAPCO to inch up by a marginal 0.39%,  the banking sector with 0.14% boosted by ZENITHBANK‘s gain and the Insurance Sector, which also grew by a marginal 0.04% propelled by the strong showing of CONTINENTIAL REINSURANCE PLC.


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