Stock market remains bearish, indices down by 0.33%

Market capitalisation of the Nigerian Exchange Ltd. (NGX) again dropped by N89 billion or 0.33 per cent to close at N26.444 trillion on Friday compared with N26.533 trillion on Thursday.

Similarly, the All-Share Index (ASI) dropped by 163.72 points or 0.33 per cent to close at 49,026.62 from 49,190.34 recorded on Thursday.

The weak performance was as a result of continuous sell-offs in some large and medium stocks.

Market breadth closed negative as 22 stocks declined while 11 advanced.

Vitafoam led the gainers with 6.90 per cent to close at N22.45 per share.

This was followed by RT Briscoe with 6.06 per cent to close at 35k, while Access Holding gained by 6.02 per cent to close at N8.80 per share.

Also, Conerstone Insurance appreciated by 3.70 per cent to close at 56k and Fidelity Bank rose by three per cent to close at N3.78 per share.

On the other hand, CWG suffered a decline of 10 per cent to close at 81k per share.

Berger Paint followed…

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