The
Nigerian Stock Exchange All Share Index retreated 34 basis points in what was
one of this year’s most active trading days. The market usually averages about
250 million units but investors staked 970 million units valued at N8.7 billion
in today’s session.
The spike
in activity was driven by a large block trade of over 361 million units of ETI
stock.
Across the
rest of the exchange, Dangote Cement (-4.63%) shed major points, and it appears
the downward pressure on the price of the stock may continue in subsequent
sessions.
The
banking sector was led by Unity (9.72%) and Wema (+4.29%). UBA (+4.28%) was a
close third.
Zenith
(+1.85%) and FBN Holding (+0.41%) were in the green even as the other top-tier
banks shed points.
Market
Activity for Today:
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