It was an all red session on the floor of The Nigerian equities market on Wednesday as the All Share Index closed lower by 0.22% to settle at 26,974.38 points against the previous close of 27,033.10 points on Tuesday.
Market Capitalisation declined by 0.22% to close at N14.052 trillion from the previous close of N14.083 trillion, thereby shedding N31 billion.
Aggregate volume of traded stocks closed at 228.4 million units, declined by 5.52% from the previous close of 241.7 million units.
Value of traded stocks dropped by 22.98% to close at N2.737 billion away from the previous close of N3.554 billion.
Total number of deals at the close of trade was 3,831, down by 14.03% from the previous close of 4,456 deals.
Market Breadth
The Market Breadth closed negative as 11 stocks gained while 16 stocks declined in their share prices.
Percentage Gainers
Honeywell flour led the percentage gainers list with 9.38% growth, closing at N1.05 from the previous close of N0.96.
FCMB followed with 6.29% growth to close at N1.86 from the previous close of N1.75.
Still on the percentage gainers’ table are: ECOCORP, UBA and LASACO all grew their share prices by 5.77%, 4.38% and 4.17% respectively.
Percentage Losers
Vitafoam and Red Star Express led the percentage losers’ list, shedding 9.98% each of their share prices to stand at N4.06 and N3.61 respectively.
University Press, Consolidated Hallmark Insurance, Jaiz Bank and ABC Transport among other also shed their share prices by 9.60%, 9.38%, 8.62% and 8.57% respectively.
Volume Drivers
UBA traded about 81 million units of its shares in 579 deals, valued at about N548 million.
Zenith Bank traded about 31 million units of its shares in 640 deals, valued at about N590 million.