Price List/Market Summary 30/7/2019

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Price List/Market Summary 30/7/2019

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Equities Market Takes a Negative Turn, Sheds 0.46%
Today’s review of the NSE trading session; the All Share Index (ASI) depreciated by (-0.46%), reversing the previous session gain to close at 27,820.57 points, while YTD performance worsened to (-11.49%).

Market turnover closed positive, as volume recovered, appreciating 66.70% to 155.2 million, from 93.1 million in the previous session. Accordingly, value traded increased markedly by 102.37%, attributable to a surge in activity in Guaranty Trust Bank, which constituted 28% of total trade value for the day.

We noticed a major sell-off in high cap stock like Nigeria Breweries Plc, which resulted in the consumer goods sector’s position as worst performer declining by 2.07%, trailed by the NSE 30 and Financial Service Institution, which lost 0.89% and 0.72% respectively. The industrial and insurance sector gained for the day, advancing 0.57% and 0.02% respectively.

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