Bear fights back as Nigerian bourse down 0.82%

The ding-dong affairs between the bull and the bear continued on the Nigerian Stock Exchange as bears took over on Tuesday from the bull held sway on Monday and the All-Share Index (NSE ASI) and the Market Capitalization decreased by 0.82 per cent as against the gain of 0.03 per cent on Monday while the year-to-date return stood at 36.45 per cent.
The All Share Index closed at 36,669.61 against the previous close of 36,971.27 while Market Capitalization closed at ₦12.622 trillion against previous close of ₦12.726 trillion.
Volume traded decreased by 1.44 per cent from 214.959 million to 211.874 million, while the total value of stock traded increased by 73.63 per cent from ₦2.731 billion to ₦4.742 billion in 3,890 deals.
The Financial Services sector led the activity chart with 175.24 million shares exchanged for ₦2.278 billion. Consumer Goods came next with 18.134 million shares traded for ₦1.38 billion, Industrial Goods, Agriculture, Conglomerates sectors followed in that order on the activity chart.
Fidelitybk, Zenithbank, Guaranty, Access and UBA were the most active stocks by volume. Intbrew, Jaizbank, Nem, Firstalum and Aiico emerged the highest price gainers on the chart, while Redstarex, Neimeth, Champion, Mobil and Maybaker topped the losers chart.