MARKET UPDATE – Tuesday, 14 August, 2018

The Nigerian equities market bowed to selling pressure as the All Share Index (ASI) declined by 0.35% to close at 35,288.23 while the market capitalization closed at N12.883 trillion. 13 stocks closed higher, 31 declined while 59 remained unchanged.

UBA (26.87mn), Lasaco (12.24mn) and FBN Holdings (11.45mn) were the most actively traded stocks. The total volume of stocks traded was 164.51 million in 3,448 deals and the value of stocks traded was 1.61bn down by 27.19% from N2.21bn recorded at the previous trading day

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