MARKET UPDATE – Friday, 31 August, 2018

The Nigerian equities market extended trading in narrow ranges closing the week weaker. The All Share Index (ASI) declined by 0.68% to close at 34,848.45 while the market capitalization closed at N12.722 trillion. 18 stocks closed higher, 22 declined while 79 remained unchanged.

Diamond Bank (102.82mn), Zenith Bank (47.76mn) and GT Bank (36.4mn) were the most actively traded stocks. The total volume of stocks traded was 384.89 million in 4,070 deals and the value of stocks traded was 9.79bn up by 184.26% from N3.44bn recorded at the previous trading day

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