The Nigerian All-Share Index prolonged its decline on Thursday, 20 November, dropping 458.98 factors to finish the session at 144,187.03.
This marks a 0.32% decline from yesterday’s shut of 144,646.01, alongside a noticeable drop in market exercise.
Buying and selling quantity fell sharply to 349.2 million shares, down from 892 million shares recorded yesterday.
Market capitalization additionally tracked the downturn, slipping to N91.70 trillion throughout 18,753 offers, in contrast with N92.00 trillion beforehand.
On the exercise chart, FIDELITYBK and FCMB recorded the best buying and selling volumes for the day.
Among the many SWOOTs, Nigerian Breweries slipped 2.14%, whereas Worldwide Breweries dipped 0.83%.
On the FUGAZ facet, ACCESSCORP fell 3%, UBA declined 2.63%, GTCO misplaced 0.71%, and ZENITHBANK closed 0.59% decrease.
FIRSTHOLDCO, nonetheless, managed a modest acquire of 0.33%.
Market outlook
The Nigerian All-Share Index stays below sustained bearish stress, with room for additional draw back if weak sentiment persists.
Even so, a rebound in mid- and large-cap shares might help a restoration and assist the index reclaim ranges above 150,000 within the close to time period.
