The Nigerian equities market on Wednesday closed with 8 gainers and 20 losers bringing the market breadth to a negative round off.
The All Share Index closed at 32,121.74 points, declining by 0.16% from the previous close of 32,173.66 points on Tuesday.
Market capitalisation closed at N11.979 trillion against the previous close of N11.998 trillion thereby shedding N19 billion.
Volume and value of traded stocks declined by 47.96% and 19.6%, closing at 208.6 million units and N2.78 billion respectively.
Market Breadth
The market breadth closed negative only 8 stocks gained against 20 stocks that lost.
Percentage Gainers
Consolidated Hallmark Insurance with 7.69% growth led other percentage gainers to close at N0.28 from the previous close of N0.26.
Jaiz Bank grew share price by 5% to close at N0.63; while Access Bank and UCAP grew by 1.67% and 1.54% to close at N6.10 and N3.30 respectively.
Other stocks on the gainers’ list include Guaranty Trust Bank, NPF Microfinance Bank, First Bank of Nigeria Holdings (FBNH) and Dangote Cement, gaining 0.93%, 0.68%, 0.62% and 0.26% respectively.
Percentage Losers
MCNICHOLS, ETRANZACT, and CCNN shed their share prices by 10%, 9.90% and 5% respectively among others on the price decliners’ list.
Volume Drivers
- Zenith Bank traded about 45.37 million units of its shares in 478 deals, valued at N1.1 billion.
- Guaranty Trust Bank traded about 23 million units of its shares in 230 deals, valued at N872.94 billion.