The Nigerian equities market for the 5 straight trading days this week has been on the downward trend. The All Share Index on Friday closed lower by 0.51% to settle at 28,843.53 points against the previous close of 29,030.93 points on Thursday.
The market capitalisation closed at N14.857 trillion, down by 0.65% from the previous close of N14.954 trillion, implying a loss of N97 billion.
Aggregate volume of traded stocks grew 27.01by % to close at 348.6 million units, from the the previous close of 274.47 million units.
Value of traded stocks declined by 53.75% to close at N4.2 billion against the previous close of N9 billion.
Total number of deals at the close of trade was 4,610, up by 4.51% from the previous close of 4,411 deals.
Market Breadth
The Market Breadth closed negative as 11 stocks gained while 24 stocks declined in their share prices.
Percentage Gainers
Courtville led other percentage gainers with 9.52% growth to close at N0.23 from the previous close N0.21.
Jaiz Bank and Champions Breweries among other gainers also grew their share prices by 9.09% and 6.59% respectively.
Percentage Losers
NAHCO led other price decliners, shedding its share price by 9.83% to close at N2.66 from the previous N2.95.
PZ, Unity Bank, Honeywell Flour and CAP Plc among other price decliners also shed their share prices by 9.73%, 9.38%, 9.35% and 9.09% respectively.
Volume Drivers
- Zenith Bank traded about 47.42 million units of its shares in 591 deals, valued at N994.64 million.
- Unilever traded about 44.1 million units of its shares in 70 deals, valued at N661.63 million.