Bears fight back as Nigerian bourse records 1.02% dip

The bullish sentiment that has been the lot of the Nigerian bourse for quite some time was somehow halted on Friday as Nigerian Stock Exchange All-Share Index (NSE ASI) and the Market Capitalization decreased by 1.02 per cent, while the year-to-date return stood at 37.17 per cent.
The All Share-Index closed at 36,864.71 against the previous close of 37,245.17 while Market Capitalization closed at ₦12.705 trillion against previous close of ₦12.837 trillion.
Volume of the shares traded decreased by 3.17 per cent from 542.804 million to 525.596 million, while the total value of stock traded increased by 1.61 per cent from ₦8.009 billion to ₦8.138 billion in 5,799 deals.
The Financial Services sector led the activity chart with 417.58 million shares exchanged for ₦4.657 billion.
Conglomerates came next with 58.461 million shares traded for ₦0.092 billion, Consumer Goods, Oil And Gas, Industrial Goods sectors followed in that order on the activity chart.
FBNH, Diamondbnk, Transcorp, Zenithbank and Guaranty were the most active stocks by volume. Dangsugar, Nestle, Custodyins, Unitybnk and Airservice emerged the highest price gainers on the chart, while Cadbury, Chellaram, CCNN, Livestock and Mansard topped the losers chart.