NIGERIA STOCKMARKET REPORT FOR 20/8/13 The equities market closed on a negative note, as the NSE ASI recorded a loss of 0.66% to close at 36,558.50 points, compared with the loss of 0.50% recorded the previous day. The year-to-date return stands at 30.20%. The depreciation n the ASI could be attributed to losses in the share prices of some highly capitalised stocks such as FBN Holdings, NBL, Zenith Bank, Stanbic IBTC & Cadbury. Similarly, the Market Capitalization depreciated by 0.66% to close at N11.58trn (US$74.34bn) compared with the loss of 0.50% recorded the previous day to close at N11.65trn (US$74.83bn). The total value traded on the floors of the NSE was N1.88bn, down by 24.49% from N2.49bn recorded the previous day. The total volume traded was 198.15mn in 5,243 deals. The three most actively traded stocks were: Cornerstone Insurance (27.28mn), GT Bank (19.37mn) & Transcorp (14.50mn), while the most actively traded sectors were Financial Services (152.2mn), Conglomerates (14.75mn), oill & Gas (7.7mn)
Posted on: Fri, 23 Aug 2013 10:05:59 +0000
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