NSE: Investors lost N17.29 billion, ASI dipping by 0.08% on Friday

Weak sentiments continued to pervade the domestic bourse, as the Nigerian Stock Exchange (NSE) All-Share Index dipped by zero point zero eight percent to settle at thirty-nine thousand three hundred and thirty-one point six-one index points. This was a drop from thirty- nine thousand, three hundred and sixty –four point six seven.

Market capitalization shed seventeen point two-nine billion naira to settle at twenty point five –seven trillion naira, a reduction from twenty point five nine trillion traded on Thursday. This was also a loss of seventeen point two-nine billion naira.

The negative trend was largely attributed by selloffs UNITED CAPITAL PLC, GUARANTY TRUST BANK and TRANCORP HOTELS PLC which led the market to its fourth consecutive loss this week.

On the sectoral front, three out of the five major market indices posted losses, while the other two indices closed positive.

The market capitalization, the All Share Index, and the total deals closed red. On other hand, the volume and value closed  in the positive.

ZENITHBANK was the most traded stock by deals, recording eight hundred and thirty-three. Other most traded stocks include, UNITED CAPITAL PLC, GUARANTY TRUST BANK and UBA.

By turnover, SEPLAT PETROLEUM DEVELOPMENT COMPANY traded ten billion worth of shares to top the turnover chat, followed by ZENITH BANK which traded one point one-seven billion worth of shares.

Market sentiment, as measured by market breadth was negative as twenty stocks gained, relative to twenty-seven decliners. MORISON INDUSTRIES PLC and WAPCO were the top gainers of the day with ten percent and nine point nine percent price appreciation.

However, TRANS-NATIONWIDE EXPRESS PLC and TRIPLE G & CO PLC recorded the largest declines with ten percent depreciation each in share value.