Equities market sheds N17bn, closes lower by 0.13%

The Nigerian equities market on Thursday closed on a negative note as the All Share Index declined by 0.13% to settle at 25,182.67 points against the previous close of 25,215.04 points on Wednesday.

Market Capitalisation closed at N13.137 trillion, down by 0.13% from the previous close of N13.154 trillion, thereby shedding N17 billion.

An aggregate of 337.13 million units of shares were traded in 3,880 deals, valued at N3.41 billion.

Market Breadth

The market breadth closed negative as 16 equities appreciated in their share prices while 17 equities that declined in their share prices.

 

Percentage Gainers

Neimeth Pharmaceuticals led other percentage gainers with 9.83% growth closing at N2.57 from the previous close of N2.34.

Unity Bank, ABC Transport and Japaul Oil among other gainers also grew their share prices by 9.62%, 8.89% and 8.70% respectively.

 

Percentage Losers

Caverton led other price decliners as it shed 10% of its share price to close at N2.25 from the previous close of N2.50.

Prestige Assurance, Mutual Benefit Assurance and Oando among other price decliners also shed their share prices by 9.09%, 8.33% and 7.14% respectively.

 

Volume Drivers

  • Guaranty Trust Bank traded about 81.21 million units of its shares in 339 deals, valued at N2.02 billion.
  • Mutual Benefit Assurance traded about 44.84 million units of its shares in 111 deals, valued at N10 million.
  • First Bank of Nigeria Holdings (FBNH) traded about 25.06 million units of its shares in 208 deals, valued at N134 million.

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