The Nigerian equities market on Thursday halts 8 straight days of losses as the All Share Index grew by 0.17% to settle at 28,140.41 points from the previous close of 28,093.76 points on Wednesday.
The Market capitalisation grew by 0.18% to close at N14.497 trillion from the previous close of N14.471 trillion, thereby gaining N26 billion.
Aggregate volume of traded stocks closed at 317 million units, down by 9.43%, from the previous close of 350 million units.
The value of traded stocks was down by 19.93%, closing at N3.43 billion away from the previous close of N4.28 billion.
Total number of deals at the close of trade was 4,340, down by 8.23% from the previous close of 4,729 deals.
Market Breadth
The Market Breadth closed positive as 20 stocks gained while 15 stocks declined in their share prices.
Percentage Gainers
Law Union & Rocks Insurance led other percentage gainers with 9.78% to close at N1.01 from the previous close of N0.92.
Wema Bank, NAHCO, FCMB and Fidelity Bank among other gainers also grew their share prices by 7.58%, 7.31%, 5.41% and 5.34% respectively.
Percentage Losers
Skyway Aviation led other price decliners, shedding 9.88% of its share price to close at N3.74 from the previous close of N4.15.
C&I Leasing, Daar Communications and Africa Prudential Plc among others also shed their share prices by 9.77%, 8.33% and 5.33% respectively.
Volume Drivers
- FBNH traded about 57.28 million units of its shares in 434 deals, valued at N345.56 million.
- Zenith Bank traded about 34.29 million units of its shares in 628 deals, valued at N705.5 million.