The Nigerian equities market on Tuesday closed in red as the All Share Index closed lower by 0.83% to settle at 29,462.76 points against the previous close of 29,710.56 points on Monday.
The Market capitalisation declined by 0.84% to close at N15.176 trillion against the previous close of N15.304 trillion, thereby shedding N128 billion.
Aggregate volume of traded stocks closed at 272.84 million units, up by 2.21% from the previous close of 266.95 million units.
The value of traded stocks declined by 11.26%, closing at N3.71 billion away from the previous close of N4.18 billion.
Total number of deals at the close of trade was 4,945, down by 2.12% from the previous close of 5,052 deals.
The Insurance sector closed higher by 0.70%. Oil&Gas sector grew by 0.29%, the Banking sector was down by 3.58%. Consumer Goods sector closed higher by 0.34% and Industrial sector was down by 0.45%.
Market Breadth
The Market Breadth closed negative as 15 stocks gained while 16 stocks declined in their share prices.
Percentage Gainers
Law Union & Rocks Insurance emerged top on the gainers’ list with 9.09% growth to close at N0.60 from the previous close of N0.55.
Unity Bank, Wapco (Lafarge) and Honeywell Flour among other gainers also grew their share prices by 6.15%, 6.12% and 4.85% respectively.
Percentage Losers
Arbico Plc led the price decliners’ list, shedding 9.97% of its share price to close at N3.16 from the previous close of N3.51.
Eternal Plc, Champions Breweries, Access Bank and Guaranty Trust Bank among other price decliners also shedding 9.72%, 7.14%, 6.51% and 5.29% of their share price respectively.
Volume Drivers
- Zenith Bank traded about 57.8 million units of its shares in 587 deals, valued at N1.3 billion.
- Access Bank traded about 33 million units of its shares in 537 deals, valued at N340.75 million.
- UBA traded about 22.43 million units of its shares in 311 deals, valued at N193.7 million.