MARKET UPDATE – Wednesday, 31 October, 2018

The Nigerian equities market dipped further to close lower. The All Share Index (ASI) declined by 2.12% to close at 32,466.27 while the market capitalization closed at N11.853 trillion. 15 stocks closed higher, 30 declined while 50 remained unchanged.

GT Bank (43.56mn), Zenith Bank (29.56mn) and FCMB (22.16mn) were the most actively traded stocks. The total volume of stocks traded was 215.51 million in 3,211 deals and the value of stocks traded was N3.76bn down by 37.18% from N5.99bn recorded at the previous trading day

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