Nigerian Bourse closed lower by 0.15%, Thursday

The Nigerian equities market on Thursday closed in red as the All Share Index dropped by 0.15% to close at 26,357.24 points from the previous close of 26,397.94 points on Wednesday.

Market Capitalisation closed at N12.831 trillion, shedding N19 billion, from the previous close of N12.850 trillion.

Aggregate volume of traded stocks closed at N449.24 million units, valued at N1.64 billion in 2,810 deals.

Market Breadth

The market breadth closed negative as 5 stocks gained while 20 stocks declined in their share prices.

Percentage Gainers

Forte Oil led the gainers’ list with 10% growth, closing at N17.60 from the previous close of N16.00.

Others on the gainers list are Consolidated Hallmark Insurance (8.82%), Sterling Bank (2.78%), Dangote Sugar (1.47%) and Continental Reinsurance (1.29%).

Percentage Losers

Guinness, Glaxosmith, Ikeja Hotel and UAC Properties among other price decliners shed their share prices by 9.88%, 9.38%, 9.32% and 9.17% respectively.

Volume Drivers

Zenith Bank traded about 24.06 million units of its shares in 471 deals, valued at N409 million.

 

 

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