Market declines marginally, closes 0.01% lower, Tuesday

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Trading activities on the floor of the Nigerian Stock Exchange closed negative on Tuesday, as the All Share Index declines 0.01% from 37,992.12 points on Monday to close at 37,988.54 points.

Market capitalisation declined 0.01% closing N13.761 trillion as against N13.763 trillion on Monday, shedding about N2 billion.

The volume and value of traded stocks grew by 160.20%, and 37.58% closing at 539.6 million units and N4.711 billion as against the previous close of 207.4 million units and N3.424 billion respectively.

 

Market Breadth

22 stocks closed positive against 23 that lost bringing the market breadth to a near perfect round off.

Percentage Gainers

 

NEM led other percentage gainers closing 9.87% above the previous close of N3.04 to settle at N3.34. This is followed by FCMB, Fidelity Bank and Oando which grew 9.00%, 4.95% and 4.72% in that order.

Percentage Losers

Japaul Oil tops the losers’ chart losing 8.89% of its share price, while International Breweries and University Press Limited shed 6.14% and 4.98% respectively.

Volume Drivers

The most actively traded equity for the day is Zenith Bank, trading about 20million units of its share in 356 deals, worth about N518 million.

Although Fidelity Bank traded the highest volume for the day, having traded about 61 million of its shares in 265 deal, valued at about N142 million

 

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