The Nigeria Stock Exchange (NSE) began the week, on a bearish run, the apex bourse all shares index (ASI) was down, on a day on day basis, by 0.44% to close at 24,200.6 index.
CAVERTON, CILEASING and AFRIPRUD led the top advances going up by 7.73%, 6.33% and 6.25% respectively to close at N1.95, N4.2 and N4.25 respectively. Among the top 5 advances includes NASCON and BUACEMENT.
Top decliners from today’s trade were MOBIL, ETERNA and ZENITH Bank with value of their shares declining by 9.97%, 6.7% and 2.99% respectively to close at N173.4, N2.09 and N16.2. MTN and GT Bank also featured in the top 5 decliners of today.
On the chart of most traded stock, sterling Bank dominates in the volume of shares traded while MTN dominates in value. The tier 2 Bank for the second time in a row has emerged as the most traded share on the exchange. Shareholders traded over 77.54 million Sterling Bank’s shares valued over N96.76 million. Sterling Bank’s share price closed at N1.27 which represent a drop of 2.31% drop.
MTN Nigeria dominate the market in terms of value of shares traded. The shareholders of the telco giant traded over 9.7million MTN Nigeria’s shares valued at over N1.12 billion. The trade was done over 85 deals. MTN Nigeria share price down by 0.95% to close at N115.
Market sentiment, as measured by market breadth, was negative as 17 stocks declined, relative to 14 advancers.
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