Local Shares Moderate by 0.01% amid Sustained Bearish Run

L – R: Shows Mr. Olumide Bolumole, Divisional Head, Listing Business Division, The Nigerian Stock Exchange (NSE); Mr. Oscar N. Onyema, Chief Executive Officer, NSE; Mr. Valentine Ozigbo, President/CEO, TRANSCORP Plc; Mrs. Owen Omogiafo, Managing Director/CEO, Transcorp Hotel Plc and Mr. Christopher Ezeafulukwe, Executive Director, TRANSCORP Plc during the Facts Behind the Figures presentation at the Exchange on Thursday in Lagos.

March 26, 2019/Cowry Asset

The NSE ASI fell marginally by 0.01% at the close of business today to sustain bearish run, having recorded 20 losers as against 18 gainers.

The Banking and Consumer Goods sectorial indices were most hit as they fell by 0.38% and 0.54% respectively even as share prices of WEMABANK, UBN, NB and PZ moderated by 6.25%, 2.13%, 3.60% and 2.86% respectively.

On a year to date basis, loss of the local stocks remained flattish at 1.24%. Similarly, the total volume of equities traded nosedived by 14.83% to 143.7 million units, as did the total value of equities traded which fell by 55.16% to N1.68 billion.

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