Nigerian stock market sustains its losing Streak, Down by 0.36%, Friday

Trading activities on the floor of the Nigerian Stock Exchange dipped further in an all red session as the All Share Index closed 0.36% lower to settle at 26,987.45 against the previous record of 27,085.69 points.

Market capitalisation also dropped by 0.36%, shedding N48 billion to arrive at N13.137 trillion below N13.185 trillion recorded on Thursday.

Volume and Value of traded stocks plunged by 8.15% and 59.01%, settling at 138.8 million units and N1.033 billion respectively.

Market Breadth

11 stocks closed positive against 17 that lost, bringing the market breadth to a negative round off.

Percentage Gainers

UAC-Property led the gainers’ table, closing at 8.65% away from the previous close of N1.04, to settle at N1.13. Unilever grew 8.32% while, NAHCO and Sterling Bank grew 5.56% each ahead of other gainers.

Percentage Losers

Fidson Healthcare tops the losers’ chart, losing 9.88% of its share price. CCNN and Forte Oil shed 9.76% each. MTN Nigeria, Access Bank, Zenith Bank, Fidelity, Guaranty and FBNH are also among the price decliners at the close of trading today.

 Volume Drivers

Guaranty, despite closing lower today, traded about 17 million units of its shares in 396 deals, worth about N467 million.

 

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