The Nigerian equities market closed negative today as All Shares Index – ASI lost 2.21% to close at 26,808.24pts.
On Friday, the authorities reported the first confirmed case of deadly coronavirus in Sub Saharan Africa. The virus has ravaged the world economy and the US and China stocks have hit the rock in recent days.
In today’s trade, the market breadth index was negative with 19 losers against 13 gainers on the Nigerian bourse, Business Influx can report.
FLOURMILL (-8.70%) was the top today loser while JAIZBANK (+9.43%) led the gainers’ chart.
ZEINTHBANK (-0.26%) was the most actively traded stock with about 46million units of shares worth about N868million.
· NSE Banking Index: Was down by 1.38%, as a result of the declines in NPFMCRFBK (-6.25%), ETI (-4.00%), ACCESS (-2.78%), GUARANTY (-2.22%) and UBA (-2.10%).
· NSE Consumer Goods Index: Fell by 0.89%, due to the losses in FLOURMILLS (-8.70%), HONEYFLOUR (-4.76%) and NB (-2.17%).
· NSE Oil & Gas Index: Lost 0.56%, due to fall in OANDO (-5.66%).
· NSE Industrial Index: Closed flat