Market drops by N19bn as NSE exposes plans for 2017

Even as the leadership of The Nigerian Stock Exchange (NSE) gave a recap of the performance of the market in 2017 and the outlook for 2017, the market All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.21 per cent, while the Year-to-Date return stood at -2.03 per cent, leaving investors in equities with a loss of N19 billion.

The All Share Index closed at 26,330.39 against the previous close of 26,385.80 while Market Capitalization closed at ₦9.060 trillion against previous close of ₦9.079 trillion.

Volume traded decreased by 9.13 per cent from 197.450 million to 179.432 million, while the total value of stock traded increased by 42.39 per cent from ₦1.049 billion to ₦1.493 billion in 2,928 deals.

The Financial Services sector led the activity chart with 141.77 million shares exchanged for ₦0.848 billion. Conglomerates came next with 14.792 million shares traded for ₦0.028 billion, Oil And Gas, Consumer Goods, Healthcare sectors followed in that order on the activity chart.

UBA, FBNH, Access, Transcorp and UCAP were the most active stocks by volume. Livestock, UBA, Caphotel, Maybaker and Diamondbnk emerged the highest price gainers on the chart, while NASCON, FO, Fidson, UAC-PROP and PZ topped the losers chart.