Nigerian Bourse sheds N31bn, closes 0.23% lower

The Nigerian stock market on Thursday closed on a negative note as the All Share Index declines further by 0.23% to close at 30,029.15 points against the previous close of 30,099.83 points on Tuesday.

Market capitalisation closed at N13.225 trillion, shedding N31 billion from the previous close of N13.256 trillion on Tuesday.

Aggregate volume of traded stocks closed at 242.6 million units, valued at N5.96 billion in 3,153 deals.

Market Breadth

The market breadth closed negative as 14 stocks gained while 15 stocks declined in their share prices.

Percentage Gainers

Glaxo SmithKline Consumer Nigeria Plc with 9.15% growth led other gainers to close at N8.35 from the previous close of N7.65.

May& Baker and Mutual Benefit Assurance among other price gainers also grew their share prices by 6.33% and 5.0% respectively.

Percentage Losers

C&I Leasing, NPF Microfinance Bank and UAC Properties among other price decliners shed their share prices by 9.87%, 9.72% and 8.48%.

Volume Drivers

  • Guaranty Trust Bank traded about 78.3 million units of its share price in 264 deals, valued at N2.4 billion.

 

 

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