Nigerian stock market declines, closes 0.35% lower, Wednesday


The Nigerian Bourse on Wednesday declined from the previous trading session as the All Share Index depreciated by 0.35% to close at 39,031.72 points against 39,167.04 points of Tuesday.

Market capitalisation declined by 0.35% to settle at N14.139 trillion as against N14.188 trillion of the last trading session, indicating a loss of N49 billion.

Volume of traded stocks grew by 33.68% settling at 456.4 million units while the total value of traded stocks dropped by 20.40% to close at N4.134billion away from N5.193 billion recorded on Tuesday.

Market Breadth

20 stocks closed positive against 22 that lost bringing the market breadth to a negative round off.

Percentage Gainers

Japaul Oil led other percentage gainers closing 5.88% above the previous close of N0.34, to settle at N0.36

UAC Properties grew 4.98%, PRESTIGE grew 4.92% and Learn Africa grew 4.86% ahead the other stocks on the gainers’ chart.

Percentage Losers

Diamond Bank tops the losers’ chart losing 5.00% of its share price, while AIICO, Unity Bank and Skye Bank shed 4.62%, 4.35% and 3.95% respectively.

 Volume Drivers

UBA is the most actively traded stock of the day, trading about 90million units of its shares in 131 deals, worth about N998.2 million





Please enter your comment!
Please enter your name here