- The Nigerian equity market was subdue marginal as the equity front remain deprived of catalysts that could spur positive market reaction, as such both NSE ASI and Market capitalization declined by 0.42% to end the trading day at 27,412.13 Index points and N13,358.49Tr respectively. Year-to-Date ASI is at a Negative of 78%.
- Volume, Value and No of trades all declined by 24.46%, 47.77% and 13.72% to 128.956 volumes, N1,181.65B and 3,118 Deals respectively.
- CONOIL topped the gainers’ table percentage price change of 6.33%, while REDSTAREX led the losers’ chart with percentage price change of 9.85%
- Market breadth was negative with Eleven (11) gainers and Seventeen (17) price losers.
Rush into U.S. bonds sinks global stock markets; gold touches six-year high:Daily financial market update AUGUST 7TH 2019