MARKET UPDATE – Wednesday, 5 September, 2018

The Nigerian equities market was unable to sustains yesterday’s uptrend as the All Share Index (ASI) declined by 1.49% to close at 34,414.37 while the market capitalization closed at N12.564 trillion. 20 stocks closed higher, 26 declined while 63 remained unchanged.

UBA (22.44mn), Stanbic IBTC (19.24mn) and FCMB (19.13mn) were the most actively traded stocks. The total volume of stocks traded was 200.78 million in 3,224 deals and the value of stocks traded was 2.16bn down by 40.03% from N3.61bn recorded at the previous trading day

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