Nigerian Bourse closes lower by 0.05%, Wednesday

The Nigerian equities market on Wednesday closed on a negative note as the All Share Index declined by 0.05% to close at 21,729.48 points against the previous close of 21,741.16 points on Tuesday.

The Market Capitalisation likewise declined by 0.05% to close at N11.324 trillion from the previous close of N11.330 trillion, thereby shedding N6 billion.

Aggregate volume of traded stocks was 233.47 million units, down by 29.27% from the previous close of 330 million units.

Value of traded stocks was N2.24 billion, down by 37.25% from the previous close of N3.57 billion.

Total number of deals at the close of trade was 3,874, down by 15.06% from the previous close of 4,561 deals.

Market Breadth

The market breadth closed positive as 20 equities gained while 7 equities declined in their share prices.

Percentage Gainers

Cutix Plc led other percentage gainers with 10% growth, closing at N1.32 from the previous close of N1.20.

This is followed by Cadbury with 9.71% growth, closing at N5.65 from the previous close of N5.15.

Neimeth, Union Diagnostics, Wapic Insurance, Prestige Assurance and UBA among other gainers grew their share prices by 9.09% respectively.

Percentage Losers

Total Plc led other price decliners, shedding 10% of its share price to close at N96.30 from the previous close of N107.00.

Africa Prudential Plc and Jaiz Bank among other price decliners also shed their share prices by 9.87% and 8.16% respectively.

Volume Drivers

Guaranty Trust Bank traded about 49.68 million units of its shares in 613 deals, valued at N847.78 million.

Zenith Bank traded about 44.70 million units of its shares in 610 deals, valued at N522.19

Access Bank traded about 44.18 million units of its shares in 402 deals, valued at N250.26 million.

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