The Nigerian equities market on Tuesday closed on a negative note as the All Share Index dropped by 1.27% to settle at 22,629.92 points against the previous close of 22,920.41 points on Monday.
The market capitalisation declined by 1.26% to close at N11.794 trillion from the previous close of N11.945 trillion, thereby shedding N151 billion.
Aggregate volume of traded stocks closed at 250.35 million units, down by 27.53% from the previous close of 345.44 million units.
Value of traded stocks was N2.33 billion, down by 44.74% from the previous close of N4.21 billion.
Total number of deals at the close of trade was 4,877, down by 1.08% from the previous close of 4,930 deals.
Market Breadth
The market breadth closed negative as only 4 equities gained while 27 equities declined in their share prices.
Percentage Gainers
Omoluabi Mortgage Bank led three other gainers with 9.09% growth, closing at N0.60 from the previous close of N0.55.
NPF Microfinance Bank, LASACO and Learn Africa shed their share prices by 8.70%, 4.17% and 2.11% respectively.
Percentage Losers
Oando and Champions Breweries led other price decliners, shedding 10% of their share prices to close at N2.25 and N0.81 respectively.
WAPCO, Fidelity Bank and Chams Plc among other price decliners also shed their share prices by 9.21%, 8.99% and 8.70% respectively.
Volume Drivers
- First Bank of Nigeria Holdings ( FBNH) traded about 71.06 million units of its shares in 393 deals, valued at N298.7 million.
- Zenith Bank traded about 52.2 million units of its shares in 907 deals, valued at N695 million.
- Guaranty Trust Bank traded about 24.44 million units of its shares in 613 deals, valued at N451.86 million.