The All share index of the Nigeria Stock Exchange on Wednesday further declined by 0.18% to close at 41,080.12 points from the previous close of 41,155.80 points. For three straight trading session this week, the market has been on a downward trend, closing 0.11% lower on Monday. On Tuesday, it was a marginal decline of 0.04% and then drops further by 0.18% today.
Market capitalisation depreciated by 0.18% closing at N14.881trillion, as against N14.908 trillion of the previous day implying a loss of about N27 billion.
Volume of traded stocks declined by 39.49% closing at about 341 million units, while value appreciated by 61.65%, settling at N9.3 billion.
Market Breadth
22 stocks closed positive as against 27 that lost bringing the market breadth to a negative round off.
Percentage Gainers
On top of the gainers chart is Veritas Kapital, with percentage gain of 5.71% closing at N0.37 from the previous close of N0.35.
Cement Company of Northern Nigeria (CCNN) appreciated again by 4.90% and Mansard also grew 4.68% ahead other stocks like Linkage Assurance and Mutual Benefit.
Percentage Losers
Japaul Oil led the losers’ chart, losing 8.33% of its share price, while CUTIX and Unilever both shed 5.0% and 4.95% respectively.
Volume Drivers
Guaranty Trust Bank traded about N162.8 million units of its shares in 194 deals worth about N7.4 billion
FBNH traded 25.85 million units of its shares in 282 deals worth about N310.9 million, while Zenith Bank traded 13.77 million units in 265 deals worth about N378.5 million