Stock market dips further, closes 0.74% lower

Trading activities on the floor of the Nigerian Stock Exchange on Tuesday closed in red as the All Share Index declines further by 0.74% to close at 29,395.14 points against the previous close of 29,614.61 points on Monday.

Market capitalisation closed at N12.957 trillion shedding N93 billion from the previous close of N13.050 trillion.

Aggregate volume of traded stocks for the day was 200.67 million units and valued at N2.89 billion in 4,856 deals.

Market Breadth

The market breadth closed negative as 13 stocks gained while 23 stocks lost.

Percentage Gainers

CCNN with 8.11% growth led other gainers to close at N14 above the previous close of N12.95.

Academy Press and Transcorp Plc among other gainers also grew their share prices by 6.90%, and 6.86% respectively.

Percentage Losers

UAC properties and Chams Plc both led the decliners’ list, shedding 9.68% respectively.

 

Volume Drivers

Guaranty Trust Bank traded about 24.43 million units of its shares in 345 deals, valued at N742million

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