Nigerian Bourse sheds N30bn, closes 0.21% lower

Trading activities on the floor of the Nigerian Stock Exchange on Wednesday closed in red as the All Share Index declines by 0.21% to close at 29,256.60 points from the previous close of 29,318.02 points on Tuesday.

Market capitalisation closed at N14.258 trillion, shedding N30 billion from the previous close of N14.288 trillion.

Aggregate volume of traded stocks for the day was 188.77 million units, valued at N3.7 billion in 3,363 deals.

Market Breadth

The market breadth closed negative as 15 stocks gained while 17 stocks declined in their share prices.

Percentage Gainers

NPF Microfinance Bank with 9.71% growth led other gainers to close at N1.13 from the previous close of N1.03.

Union Bank and Sovereign Trust Insurance among other gainers also grew their share prices by 9.49% and 5.00% respectively.

Percentage Losers

Forte Oil, Airtel Africa, Conoil, Linkage Assurance and NAHCO shed their share prices by 10%, 9.99%, 9.93%, 9.86% and 9.83% respectively among other price decliners.

Volume Drivers

Zenith Bank traded about 45.1 million units of its shares in 231 deals, valued at N866.5 million.

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