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The Nigerian bourse ends the week on a bearish note as the ASI declined further by -0.24% today to close at 41,001.99 from 41,099.15 points. Year to date and market capitalization similarly fell by -0.24% to settle at 1.82%, and N21.44 trillion respectively. Downtrend was driven by price depreciation in large and medium capitalized stocks amongst which are; MRS Oil Nigeria, Wapco Lafarge, NEM, and UBA.



A total volume of 591.4 million units of shares, valued at N5.07billion exchanged hands in 5,767 deals. TRANSCORP (-1.72%) was the most traded shares by volume at 169.2 million units, while ZENITHBANK topped by value at N681million.

 

Market sentiment, as measured by the market breadth, closed negative as 33 stocks lost, relative 21 gainers. LIVESTOCK (-10.00%) led the laggards today, while NCR (+9.86%) topped the gainers list.
With losses recorded in all sectors, except for the consumer goods sector which advanced by +0.06%, the NSE banking, oil & gas, industrials, and insurance sectors fell by 0.17%, 0.29%, 0.50%, and 7.93%, respectively.

 

MorganCapital Research

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