Nigerian Bourse halts two straight days gains, closes 1.07% lower, Thursday

The Nigerian Bourse on Thursday closed in red as the All Share Index declined by 1.07%, bringing a halt to the two straight days gain to close at 30,819.10 points against the previous close of 31,151.68 points on Wednesday.

Market Capitalisation dropped by 1.07%, closing at N11.251 trillion against the previous close of N11.373 trillion, shedding N69 billion.

Volume and value of traded stocks grew by 41.43% and 7.80%, closing at 280.94 million units and N2.49 billion respectively.

Insurance and Oil & Gas sectors closed higher with a growth of 0.25% and 0.52% respectively; while Industrial, Banking and Consumer Goods sectors declined by 1.61%, 0.81% and 0.27%.

Market Breadth

The market breadth closed negative as 17 stocks gained against 12 stocks that lost.

Percentage Gainers

Champion breweries with 9.66% growth tops the percentage gainers’ chart, closing at N1.59 against the previous close of N1.45

Mutual Benefit, Diamond Bank, Honeywell Flour and Cutix Plc grew 9.52%, 9.41%, 8.49% and 8.24% respectively among others on the gainers chart.

Percentage Losers

Niger Insurance tops the losers’ chart, shedding 9.09% of its share price to close at N0.2 against the previous close of N0.22

AG Leventis and LASACO both shed 6.90% of their share prices among others on the losers’ chart.

Volume Drivers

  • FBNH traded about 92.48 million units of its shares in 211 deals, valued at about N707.26 million.

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