Market index shed 0.14% as 17stocks closed red, Wednesday

The Nigerian Bourse on Wednesday declined from the previous trading session as the All Share Index dipped by 0.14% to close at 32,108.30 points against 32,154.03 points of the last trading session.

Market capitalization dropped by 0.14% to settle at N11.722 trillion against N11.739 trillion recorded on Tuesday, indicating a loss of N17 billion.

Volume and value of traded stocks appreciated significantly by 200.79% and 236.45% to stand at 450 million units and N9.3 billion respectively above the previous trading records.

Market Breadth

18 stocks closed positive against 17 that closed negative, bringing the market breadth to a positive round off.

Percentage Gainers


Niger Insurance led other percentage gainers closing 10.00% above the previous close of N0.20 to settle at N0.22

NPF Micro-finance Bank grew 9.63%, FIDSON and Union Diagnostic gained 8.89% and 8.00% of their share prices ahead of other 14 stocks on the gainers’ chart

Percentage Losers

AIICO Insurance tops the losers’ chart, losing 9.86% of its share price.

Also on the red chart are WAPCO, Mutual Benefit, Jaiz Bank and Nem Insurance all shedding above 5% of their share prices for the day.

Volume Drivers

Zenith Bank traded the highest volume of about 288 million units of its shares in 238 deals, valued at about N6.8 billion.





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