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NSE: Bears still on rampage, index drops further by 0.08 per cent - Premium Times Nigeria

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NSE: Bears still on rampage, index drops further by 0.08 per cent

The News Agency of Nigeria reports that the index lost 23.38 points or 0.08 per cent to close at 27,547.56 compared with 27, 570.94 following sell-offs of tier-1 banking stocks.

On sector performance, the banking and Consumer Goods indices declined, while the insurance index gained.However, market sentiment, as measured by market breadth was negative with 13 losers, relative to 12 gainers.Vitafoam also trailed with a loss of 15k to close at N4.55, while United Bank for Africa lost 15k to close at N7.55 per share.

Moreover, the total volume of trades transacted increased by 24.9 per cent to 168.07 million shares valued at N2.16 billion exchanged in 3,075 deals.

 

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