NSEASI drops 1.08% further, Wednesday

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The Nigerian Bourse on Wednesday extends decline from the previous trading session as the All Share Index drops by 1.08% to close at 38,606.41 points from 39,028.51 points.

Market capitalisation also declined from N14.137 trillion on Monday to N13.984 trillion on Wednesday, shedding about N153billion

Other market indices went North as volume and value of traded stocks appreciated by 53.86 percent and 188.46 percent to settle at 342.046 million units and N4.739 billion respectively.

Market Breadth

23 stocks closed positive against 25 that lost bringing the market breadth to a negative round off.

Percentage Gainers

Consolidated Hallmark Insurance again led other percentage gainers closing 6.25% above the previous close of N0.32 to settle at N0.35.

FCMB grew 5.00% and Flourmills grew 4.98% ahead stocks like FIDSON, Dangote Flour, Learn Africa, Skye Bank, Wema Bank, MANSARD and WAPIC, which gained above 4% of their share prices.

Percentage Losers

Ikeja Hotel tops the losers’ chart losing 7.04% of its share price, while AG Leventis and GSK shed 6.78% and 4.95% respectively.

Volume Drivers

Zenith recorded total share volume of 35.695 million units, valued at N929.6 million in 488 deals.

Guaranty Trust Bank traded 24.562 million units of its shares, valued at about N1.007 billion in 300 deals; while Access Bank traded 68.327 million units of its shares, valued at about N743.8 million in 213 deals

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