Nigerian Stock Exchange closed bearish for the third consecutive day this week. The NSE All Share-Index fell by 0.45%  to close at 28,966.41 basis points. Year-to-Date the NSEASI was down by 7.84%.

The market Equity Capitalization declined by N48.86 billion to close at N10.886 trillion.

 The market breadth closed parallel as the market close with 21 gainers and 21 losers. The market breadth ratio as measured by (gainers/losers) close at 1.0x compared to 0.3x recorded the previous day. 

Beta Glass was the best performing stock for the day. The stock went up by 9.97% to close at N68.95. Livestock Feeds Plc appreciated by 6.78% to close at 63 Kobo. Eterna Plc gained 5.13% to close at N4.10. 

Dangote Flour and Niger Insurance Plc both went up by 5% to close at N16.80 and 21 Kobo respectively. 

On the flip side, Goldlink Insurance Plc led the top losers' chart in today's tradings. The stock declined by 10% to close at 27 Kobo. Chams Plc shed 9.43% to close at 43 Kobo.

Japaul Oil Plc went down by 9.09% to close at 30 Kobo. Sovrenins Plc declined by 8% for the day to close at 23 Kobo. A.G Leventis (Nig) Plc completes the top five losers stock for the day. The stock went down by 7.14% to close at 26 Kobo.

United Bank for Africa (UBA) led the top active stock by volume. The lender's sold 59.7 million units of its shares valued at N409 million. Access Bank traded 46.4 million units worth N327.4 million.

Sterling Bank traded 40.2 million shares worth N103.6. Zenith Bank led the top traded stock by value. The financial institution transacted 32.2 million units valued at N661.7 million.

Courtville Business Solutions Plc completes the top traded stock by volume. The stock sold 16.3 million units worth N4.1 million.

The Oil & Gas index shed 0.02% following price depreciation in Mobil Oil and Japaul Oil. Whilst the Consumer Goods index went up by 0.12% due to gains recorded by Cadbury Plc Dangote Sugar. 

The Industrial index went down by 0.16% due to price losses recorded by Cutix Plc and Dangote Cement. While the Banking index declined by 0.77% due to losses recorded by FCMB and Access Bank. 

Source: https://businesshournigeria.com/asi-dips-by-0-45…ns-bearish-trend/

cc Lalasticala, Mynd44.