Nigerian Bourse sheds more weight, closes lower by 3.72%

Trading activities on the floor of the Nigerian Stock Exchange on Thursday closed in red as the All Share Index declined further by 3.72% to settle at 22,695.88 points against the previous close of 23,572.75 points on Wednesday.

 

The Market Capitalisation declined by 3.72% to close at N11.827 trillion from the previous close of N12.284 trillion, thereby shedding N457 billion.

Aggregate volume of traded stocks was 1.059 billion units, down by 23.9% from the previous close of 1.39 billion units.

The value of traded stocks grew by 44.43% to close at N9.8 billion from the previous close of N17.65 billion.

Total number of deals was 5,501, down by 23.06% from the previous close of 7,150 deals on Wednesday.

 

Market Breadth 

The market breadth closed negative as only 3 stocks gained while 44 stocks declined in their share prices.

 

Percentage Gainers 

  • Only 3 equities emerged as gainers at the close of trade which include Caverton, Skyway Aviation and Stanbic IBTC.
  • Caverton grew its share price 10% to close at N2.31 from the previous close of N2.10.
  • Skyway Aviation grew its share 9.83% to close at N2.57 from the previous close of N2.34.
  • Stanbic IBTC grew its share price by 3.35% to close at N29.30 from the previous close of N28.35.

 

Percentage Losers

  • Oando, Nigerian Breweries, African Prudential, University Press, Fidelity Bank, Flour Mills and Wapic Insurance all shed 10% of their share prices respectively.
  • Zenith Bank shed 9.96% of its share price to close at N10.85 from the previous close of N12.05.
  • Nascon Allied Industries, United Capital and MTN Nigeria among others shed their share prices by 9.95% respectively.

 

Volume Drivers

  • Zenith Bank traded about 433 million units of its shares in 1,415 deals, valued at N4.7 billion.
  • UBA traded about 371 million units of its shares in 513 deals, valued at N2.085 billion.
  • Guaranty Trust Bank traded about 62 million units of its shares in 795 deals, valued at N1.1 billion.

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