MARKET UPDATE – Thursday, 9 August, 2018

The Nigerian equities market closed lower for the fifth consecutive day as the All Share Index (ASI) declined by 0.19% to close at 36,232.66 while the market capitalization closed at N13.228 trillion. 12 stocks closed higher, 22 declined while 75 remained unchanged.

UBA (27.22mn), Law Union (25.00mn) and Zenith Bank (19.92mn) were the most actively traded stocks. The total volume of stocks traded was 186.26 million in 2,795 deals and the value of stocks traded was 1.29bn up by 76.85% from N0.73bn recorded at the previous trading day.

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