From NSE Data, the market extend bearishness over a ten-day period as it sheds -0.81%to close today’s trading session, suggesting further declines ahead due to unrelenting sell pressure. The NSE ASI closed at 31,372.90.
Also, the decrease took the week–to–date, themonth–to–date and year-to-datemarket returns to a deeper loss of-1.12%, -6.23% and -9.48% respectively.
ZENITHBANK, NB and ACCESS were the most active stocks boosting market turnover in the bourse despite the loss.
Volume traded decreased by 4.82% to 277.09 million shares, valued at N4.46 billion and traded in 3,643 deals. The highest gainer recorded was MOBIL with a 5.00% gain in its price, while LEARNAFRICA on the other hand was the highest loser with -8.80% loss in its price.
The market breadth remained negative as 36 losers over 8 gainers were recorded.
Also, all of the key five sectoral indices were affected in today’s reversals.