Equity market extends decline by 0.46%, sheds N69bn

The Nigerian stock market on Friday closed on a negative note as the All Share Index declined by 0.46% to settle at 28,415.31 points from the previous close of 28,546.22 points.

Market capitalization dropped by 0.46% to close at 14.852 trillion from the previous close of N14.921 trillion thereby shedding N69 billion.

An aggregate of 384.1 million units of shares were traded in 5,759 deals, valued at N3.999 billion.

Market Breadth

Market Breadth closed negative as 11 stocks gained against 21 stocks that declined in their share prices.

Percentage Gainers

Eterna Plc led other gainers with 10% growth to close at N3.63 from the previous close of N3.30.

Trans Nationwide Express, Cornerstone Insurance and Total Plc among other gainers also grew their share prices by 9.52%, 9.09% and 5.37% respectively.

Percentage Losers

PZ led other price decliners as it shed 8.89% of its share price to close at N4.10 from the previous close of N4.50.

Regency Alliance and Union Diagnostics among other price decliners also shed their share prices by 8.00% and 7.69% respectively.

Volume Drivers

  • Caverton traded about 52.16 million units of its shares in 73 deals, valued at N93.79 million.
  • Zenith Bank traded about 49.97 million units of its shares in 660 deals, valued at N1 billion.
  • FBN Holdings traded about 49.32 million units of its shares in 344 deals, valued at N306.66 million.

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