Nigerian Bourse extends decline, closes 1.42% lower, Thursday

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Trading activities on the floor of the Nigerian stock exchange on Thursday closed in red as the All Share Index declined further by 1.42% to close at 32,006.65 points as against the previous close of 32,466.27 points on Wednesday

Market capitalisation dropped by 1.42%, closing at N11.685 trillion from the previous close of N11.853 trillion, shedding N168 billion.

The volume and value of traded stocks grew by 65.43% and 26.88% to close at 351.6 million units and N4.78 billion respectively.

Market Breadth

11 stocks gained as against 24 that lost bringing the market breadth to a negative round off.

Percentage Gainers

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

Neimeth, Wapic and Learn Africa grew 9.09%, 7.5% and 7.27% respectively among other gainers

Percentage Losers

Cadbury shed 10% of its share price to close at N9 from the previous close of N10, thereby leading the losers’ chart.

CAP Plc and Eterna Plc also shed 9.97% and 9.92% of their share prices among others on the losers’ chart

Volume Drivers

  • Guaranty Trust Bank traded about 85.76 million units of its shares in 126 deals, valued at N3.21billion

 

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