Nigerian Bourse extends decline, closes 1.33% lower, Thursday

For four straight trading sessions this week, the Nigerian Bourse has been on a downward trend as the All Share Index on Monday declined by 0.46%; on Tuesday, it declined further by 1.14%; on Wednesday, it was down by 0.48%. At the end of trading activities today (Thursday), the All Share Index declined further by 1.33%, closing at 30,611.55 points from the previous close of 31,023.47 points.

Market capitalisation declined by 1.32% to close at N11.176 trillion against the previous close of N11.326 trillion, shedding N150 billion.

Volume of traded stocks grew by 100.37% to close at 441.6 million units against the previous close of 220.4 million units.

Value of traded stocks grew by 63.58% to close at N4.46 billion against the previous close of N2.73 billion

The Insurance and Consumer Goods sectors closed higher by 3.09% and 0.05% respectively while Banking, Oil & Gas and Industrial sectors declined by 1.79%, 0.05% and 2.14% respectively.

Market Breadth

Market Breadth closed negative as 12 stocks gained against 23 stocks lost.

Percentage Gainers

Veritas Kapital led other percentage gainers, gaining 10% to close at N0.22 from the previous close of N0.2

Ikeja Hotel, Mutual Benefit Assurance, Access Bank, Continental Reinsurance and Mansard grew 9.80%, 8.70%, 7.14%, 6.95% and 6.32% respectively among others on the gainers’ list.

Percentage Losers

ABC Transport tops the losers’ chart, shedding 9.68% of its share price to close at N0.28 from the previous close of N0.31. Diamond Bank shed 9.59% of its share price to close at N0.66 from the previous close of N0.73.

Jaiz Bank and John Holt both shed 9.09% of their share prices respectively; Livestock Feeds, FCMB, Law Union & Rock Insurance and Cadbury also shed 8.77%, 8.33%, 6.0%, and 5.0% among others on the decliners’ list.

Volume Drivers 

  • Stanbic IBTC traded about 43.9 million units of its shares valued at about N2.2 billion in 26 deals.
  • Access Bank traded about 73.6 million units of its shares in 160 deals valued at about N503 million.
  • Zenith Bank traded about 22.3 million units of its shares in 316 deals valued at about N515 million.

 

 

 

 

 

 

Leave a Reply

Your email address will not be published.

WP Twitter Auto Publish Powered By : XYZScripts.com