The Equity market activities closed on a negative note on Monday, February 22, as the Nigerian Stock Exchange, NSE All Share Index (NSE ASI) slid marginally by 0.04% to close at 24,423.37 points. Year-to-date (YTD), it depreciated by 14.73%.
Consequently, the Market Capitalization depreciated marginally by 0.04% to close at N8.399trn, compared with the appreciation of 0.70% recorded last Friday to close at N8.402trn.
The depreciation recorded in the share prices of UBA, Zenith Bank, Nigerian Breweries, GT Bank, and Oando were mainly responsible for the loss recorded in the Index.
The total value of stocks traded on the floors of The NSE today was N5.99bn, up by 547.31% from N925.39mn traded last Friday. The total volume of stocks traded was 3.45bn in 2,432 deals. Tiger Branded Consumer Goods Plc accounted for 67.95% of the total valued traded today.
The three most actively traded stocks were: Tiger Branded (3.28bn), Unity Kapital (37.70mn) and FCMB (31.25mn). The most actively traded sectors were: Consumer Goods (3.28bn), Financial Services (132.68mn) and Industrial Goods (15.19mn).