From NSE Data, Continuous decline in crude oil price and the surging inter-bank rates stimulated persistent sell-offs on the floor of the Nigerian Stock Exchange as the ASI sheds a further -0.52% to close today’s trading session at 31,107.11 compared with the -0.50% depreciation recorded yesterday.
The decrease took the week–to–date and the year-to-date markets returns to deeper losses of -1.06% and -10.24% respectively while the month–to–date returns to a reduced gain of 3.07%.
GUARANTY, ACCESS and STDINSURE were the most active stocks boosting market turnover in the bourse.
Market breadth was negative as 35 losers over 10 gainers were recorded..
Volume traded increased by 54.52% to 434.17 billion shares, valued at N1.70 billion and traded in 3,015 deals. The highest gainer recorded was EVANSMED with an 8.99% gain in its price, while SKYEBANK on the other hand was the highest loser with –5.80% loss in its price.
Also, only three out of the key five sectoral indices was affected in today’s reversals.