Nigeria Stock Exchange dips by 1 basis point

By The Rainbow

The Nigerian Stock Exchange ¬†declined by 1bp to close at 38.33% YtD. UNIONDICON (10.14%), PRESTIGE (5%) and AIRSERVICE (4.99%) led the gainers’ chart, while the losers’ chart was led by AFRIPRUD (9.29%), PORTPAINT(4.88%) and LEARNAFRCA (4.78%).

Market breadth ended the day at 0.81x with  21 stocks appreciating as against 26 decliners. Volume of activities declined by 30.41% as against the Value traded which increased by 38.25%.

NSEBNK10 and NSE30 both lost 2bps and 6bps respectively while NSEINS10 had the highest gain among the sectors by recording a 1.2% gain, and NSEFBT10 and NSEOILG5 also recorded gains of 0.25% and 0.17% respectively.

Despite the slight decline in the index, we are of the opinion that the market will close positive for the week.