Nigerian Bourse extends decline, closes lower by 0.19%

Transactions on the floor of the Nigerian Stock Exchange on Wednesday closed on a negative as the All Share Index declined further by 0.19% to settle at 25,550.31points from the previous close of 25,597.96 points on Tuesday.

Market Capitalisation closed at N13.353 trillion, down by 0.01% from the previous close of N13.354 trillion, thereby shedding N1 billion.

An aggregate of 211.8 million units of shares were traded in 3,651 deals, valued at N2.42 billion.

Market Breadth

The market breadth closed negative as 17 stocks gained while 19 stocks declined in their share prices.

Percentage Gainers

Learn Africa led other gainers with 9.62% growth, closing at N1.14 from the previous close of N1.04.

Berger Paints and Union Bank among other gainers also grew their share prices by 7.44% and 7.00% respectively.

Percentage Losers

Royal Exchange led other price decliners as it shed 10% of its share price to close at N0.27 from the previous close of N0.30.

NEM Insurance, Cadbury and ABC Transport among other price decliners also shed their share prices by 9.78%, 8.39% and 8.33% respectively.

Volume Drivers

  • FCMB traded about 30.33 million units of its shares in 27 deals, valued at N62.18 million.
  • Access Bank traded about 20.97 million units of its shares in 249 deals, valued at N139.4 million.
  • UBA traded about 18.57 million units of its shares in 313 deals, valued at N109.65 million.

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