Nigerian Bourse extends decline, closes 1.20% lower, Tuesday

Nigerian Equities Market sheds 16bn, closes 0.14% lower

Trading activities on the floor of the Nigerian Stock Exchange on Tuesday closed in red as the All Share Index declined further by 1.20% to close at 30,036.15 points from the previous close of 30,400.28 points on Monday.

Market capitalisation declined by 1.20% to close at N11.201 trillion against the previous close of N11.337 trillion, thereby shedding N136 billion.

Volume and value of traded stocks declined by 2.85% and 20.13% to close at 216.25 million units and N2.67 billion respectively.


Market Breadth

Market breadth closed negative as 12 stocks gained against 28stocks that lost.

Percentage Gainers

John Holt Plc with 9.09% growth led other gainers to close at N0.48 from the previous close of N0.44

Okomu Oil grew by 7.93% to close at N83.75 from the previous close of N77.6

Percentage Losers

NEM Insurance led the losers’ chart, shedding 9.40% of its share price to close at N2.12 form the previous close of N2.34

Northern Nigeria Flour Mills (NNFM), Wapic Insurance and Unity Bank among others shed 9.38%, 9.09% and 9.00% of their share price respectively.

Volume Drivers

Zenith Bank traded about 32.84 million units of its shares in 710 deals, valued at about N679.8 million.






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