TheNigerianVoice Online Radio Center

NSE maintains bearish run

By The Rainbow
Click for Full Image Size
Listen to article


The Nigerian Stock Exchange on Thursday again trended south ward.

The market was 28bps to peg the YtD return at -1.36%.

Again, the banking stocks largely contributed to the loss in the market.

Nine  banks traded south while three banks traded flat.

All sector indices shed points, save for the NSEINS10 which returned 0.47%. Market breadth was neutral as 26 stocks traded in either direction.

NEIMETH continued it gaining streak, appearing on the top gainer’s chart for the second day in the week, with a gain of 9.66% followed by GNI (8.96%), and INTENEGINS (8.70%). The laggards were led by ETERNA (-9.57%), TRANSEXPR (-9.41%) and AVONCROWN (-4.68%).

Across markets in Africa, three (3) markets lost while four (4) markets gained. The top gainer was the Egyptian exchange which returned 1.13%, while the Zambian exchange was the top loser with a decline of 0.92%.