NSEASI declines further as 37 stocks closed negative, Wednesday

The Nigerian Stock market extends decline as the all share index dropped by 3.46% to close at 32,292.79 points as against the previous close of 33,449.17 points on Tuesday.

Market capitalisation also declined by 3.46% to settle at N11.789 trillion as against N12.212 trillion of the last trading session, shedding N423 billion at the close of today’s trading.

Other market indicators appreciated as the total traded volume and value of shares soared by 63.87% and 334.03%, settling at 246.906 million units and N6.930 billion respectively.

Market Breadth

The market breadth closed negative as 10 stocks gained against 37 that lost.

Percentage Gainers

LAWUNION led other percentage gainers closing 9.09% above the previous close of N0.55 to settle at N0.60
Skye Bank grew 8.93% and Jaizbank grew 6.00% ahead of other 7 stocks on the gainers’ chart.

Percentage Losers

Universal Insurance tops the losers’ chart losing 10.00% of its share price. CCNN shed 9.87%, while Fidelity Bank and LASACO shed 9.58% and 9.09% respectively.

Volume Drivers

Access Bank traded the highest volume of about 46 million of its share in157 deals valued at about N368.7 million.

FBNH also traded about 22 million units of its share in 300 deals, worth about N194.2 million to close today’s trading.



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