Nigerian stock market extends decline, closes 0.26% lower



The Nigerian Bourse on Wednesday extended decline from the previous session as the All Share Index declines 0.26% to close at 40,749.86 points as against 40,855.64 points of the last trading session.

Market capitalization declined by 0.26% to settle at N14.720 trillion as against N14.759 trillion of the last trading indicating a loss of N39 billion.

Volume and value of traded stocks grew by 9.76% and 8% to settle at 401.4 million units and N6.8 billion respectively.


Market Breadth

18 stocks closed positive against 26 that lost bringing the market breadth to a negative round off.

Percentage Gainers

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

Fidelity Bank grew 5.76%, Access Bank and May&Baker both grew 4.89% ahead other stocks like Africa Alliance Insurance, Law Union and Linkage Assurance.

Percentage Losers

Dangote Flour tops the losers’ chart losing 9.54% of its share price, while Multiverse and Sovereign Trust Insurance both shed 9.09% respectively.


Zenith Bank is the most actively traded stock, trading about 61million units of its shares in 381 deals, worth about N1.67 billion




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