NSE index plummets further by 0.25%
The All-Share Index (ASI) of the equity sector of the Nigerian Stock Exchange (NSE) plummeted further on Friday December 4, 2020 by 0.25%.
This, according to analysts may be due to negative market sentiments.
At the closed of transactions, ASI shed 87.88 absolute points, representing a decline of 0.25 per cent, to close at 34,968.94 points while the market capitalisation value also declined by N46 billion to close at N18.277 trillion.
The downtrend was driven by price depreciation in medium and large capitalised stocks – Guaranty Trust Bank, Flour Mills of Nigeria, Cadbury Nigeria, United Bank for Africa (UBA) and Zenith Bank.
Market sentiment, as measured by market breadth, was negative as 25 stocks declined relative to 13 gainers
The total volume of trades decreased by 21.5% to 289.394 million units, valued at N7.348 billion and exchanged in 4,878 deals.
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