Market opens the week negative as Zenith Bank, Access Bank top trades

The equities market on The Nigerian Stock Exchange (NSE) began the week on a negative note to counter last week gain as the All-Share index shed 80 bps to peg the YTD at 32.71 per cent.
The market capitalization also closed at N12.400 trillion. The Market breadth reflects today’s position as ratio stood at 0.87 with 20 gainers to 23 losers.
Market activities dropped in terms of volume to close at 115 million from 152 million traded from previous session representing 24.73 per cent decline.
Value also dropped by 29.51 per cent to close at 2.17 billion from 3.08 billion traded from previous session.
ZENITHBANK, ACCESS, UAC-PROP, DIAMONDBNK and CILEASING topped the activities chart in terms of volume while NESTLE, ZENITHBANK, NB, ACCESS and GUARANTY topped the value’s chart to contribute majorly to today’s market worth.
NSEASI with all other sector indices swayed southward save for NSEOILGAS, courtesy price gain in OANDO, TOTAL and FO.
The loss experienced by the equities market today was triggered by negative price change in DANGCEM, NESTLE and GUARANTY.
Despite exiting recession, investor’s sentiment remains gloomy as it is believed that the good news is yet to extend to the common man to improve his standard of living and this is being played out in the equities market.