Investors open 2017 trading with N89bn loss on NSE

Trading activities on The Nigerian Stock Exchange began the year on a losing side as the market All Share Index (NSE ASI) and the Market Capitalization decreased by 0.96 per cent, while the Year-to-Date return stood at -0.96 per cent.

The All Share Index closed at 26,616.89 against the previous close of 26,874.62 while Market Capitalization closed at ₦9.158 trillion against previous close of ₦9.247 trillion, translating to a loss of N89 billion in the opening trading day of 2017.

Volume traded increased by 2048.74 per cent from 156.797 million to 3369.145 million, while the total value of stock traded increased by 135.29 per cent from ₦1.599 billion to ₦3.762 billion in 2,033 deals.

The Financial Services sector led the activity chart with 3162.038 million shares exchanged for ₦3.273 billion. Conglomerates came next with 5.979 million shares traded for ₦0.013 billion, Consumer Goods, Oil And Gas, Industrial Goods sectors followed in that order on the activity chart.

Unitykap, Omosavbnk, Guaranty, FCMB and UBA were the most active stocks by volume. UAC-PROP, Stanbic, Wapic, Fidson and Unitybnk emerged the highest price gainers on the chart, while CCNN, ETI, Cadbury, Oando and AIICO topped the losers chart.