Equity market closes lower by 0.03%, investors shed N4bn

The Nigerian equity market on Tuesday closed on a negative note as the All Share Index declined by 0.03% to settle at 25,597.96 points against the previous close of 25,605.59 points on Monday.

Market Capitalisation closed at N13.354 trillion, down by 0.03% from the previous close of N13.358 trillion, thereby shedding N4 billion.

An aggregate of 245.14 million units of shares were traded in 3,597 deals, valued at N3.01 billion.

Market Breadth

The market breadth closed negative as 13 stocks gained while 15 stocks declined in their share prices.

Percentage Gainers

Ikeja Hotel led other gainers with 9.52% growth, closing at N0.92 from the previous close of N0.84.

UAC Properties, Cornerstone Insurance and Japaul Oil among other gainers also grew their share prices by 9.20%, 6.45% and 5.00% respectively.

Percentage Losers

NPF Microfinance Bank led other price decliners as it shed 9.42% of its share price to close at N1.25 from the previous close of N1.38.

Union Diagnostics, Red Star Express and NAHCO among other price decliners also shed their share prices by 7.41%, 6.13% and 6.10% respectively.

Volume Drivers

  • FBN Holdings traded about 51.44 million units of its shares in 186 deals, valued at N257.45 million.
  • Guaranty Trust Bank traded about 46.29 million units of its shares in 270 deals, valued at N1.16 billion.
  • Zenith Bank traded about 18.78 million units of its shares in 411 deals, valued at N322.4 million.

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