Stock Market extends decline, closes 0.09% lower, Wednesday


For three straight trading sessions this week, trading activities on the floor of the Nigerian Stock Exchange has been on a downward trend. The All Share Index on Wednesday, 8th of August 2018, closed at 36,299.82 points, declining marginally by 0.09% from the previous close of 36,333.80 points.

Market capitalisation closed at N13.250 trillion, declining by 0.09% from the previous close of N13.262 trillion on Tuesday.

Volume and value of traded stocks dropped by 54.03% and 67.49%, to close at 114.04 million units and N730.08 million respectively.

Market Breadth

19 stocks closed positive while 16 stocks lost, bringing the market breadth to a positive round off.

Percentage Gainers

Unity Bank led other price percentage gainers, closing 9.30% above the previous close of N0.86 to settle at N0.94.

Sovereign Insurance grew 8.70% and Neimeth also grew 8.45% ahead other stocks on the gainers chart.

Percentage Losers

Mutual Benefit Plc tops the losers’ table, shedding 9.68% of its share price. This is followed by Secure Electronics Technology and Union Diagnostics both shedding 9.09% and 7.69% respectively, among other stocks on the losers’ table.

Volume Drivers

UBA traded 21.4 million units of its shares in 90 deals, valued at about N205.2 million.

Zenith Bank traded about 7.8 million units of its shares in 223 deals, valued at N186.6 million




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