The Nigerian Stock Exchange (NSE) today lost 0.34 percent of its value amid renewed profit taking activity with the exchange recorded 32 losers against 8 gainers.
As trading close for the day, the market capitalization fell to N13.49 trillion, while year to date loss of All Share Index stood at 2.55 percent.
Plummeted shares of Forte Oil, Zenith Bank, Chemical and Allied Products Plc and Guinness Nigeria dragged down the NSE Oil & Gas, NSE Banking, NSE Industrial and NSE Consumer Goods indices by 1.85 percent, 0.67 percent, 0.20 percent and 0.14 percent respectively, while market breadth closed in favor of the bears with 0.25x bulls to bears.
In the same vein, all sectorial indices closed negative save for NSE Alternative Securities Market (NSE ASeM).
This could be attributed to the fact that share prices of Rak Unity, Omoluabi Mortgage Bank, Chellaram, Anino, McNichols, Capital Oil, Juli Pharmacy and INITSPlc have remained constant.
However, a total of 303 million shares in terms of volume were traded today as against previous close of 212 million units amounting to 42.56 percent increase.
On the other hand, with 36.96 percent decrease value closed at N2.04 billion today as against previous close of N3.24 billion.
In order of appearance, Medview Airline, FBN Holdings, Transnational Incorporation, Multiverse and Zenith Bank end the trading day as top performers in terms of volume while FBN Holdings, Zenith Bank, Medview Airline, Stanbic IBTC and Guaranty Trust Bank made up the top five performers in terms of the value of units traded.
Meanwhile, Nigeria Inter Bank Offered Rate (NIBOR) rose for all tenor buckets amid liquidity strain while Nigerian Treasury Bill (NITTY) fell for all maturities tracked amid renewed buy pressure.
Elsewhere, Over The Counter OTC FGN Bonds rose for all maturities tracked as did Eurobonds that rose for most maturities on sustained bargain hunting activity.