The equity market on Thursday admitted the Bears eight days of gaining back-to-back. This could be attributed to the mood of the Yuletide season.
The All Share Index closed marginally lower by 0.01% to settle at 38,800.01 points from the previous close of 38,803.74 points.
The Market Capitalisation closed at N20.279 trillion, down by 0.01% from the previous close of N20.281 trillion.
An aggregate of 389.72 million units of shares were traded in 2,925 deals, valued at N7.965 billion.
The market breadth closed positive as 23 stocks appreciated in their share prices against 8 stocks that declined in their share prices.
Stocks to Watch
- Access Bank grew to N8.60 from N8.55. It is currently trading 28.33% away from its 52 weeks high of N12. At that, there is uptrend potential in the share price of Access Bank.
- FBN Holdings grew toN7.10 from N7. It is trading 21.11% away from its 52 weeks high of N9 which implies an uptrend potential for the share price of the big elephant.
- Zenith Bank closed flat at N24.5. It is trading 14.04% away from its 52 weeks high of N28.5.
- WAPCO dropped to N21 from N22.05. It is trading 19.23% away from its 52 weeks high of N26, which implies an uptrend potential for the share price of the company.
- UBA dropped to N8.45 from N8.50. It is trading 13.78% away from its 52 weeks high of N9.8. There is growth potential in the share price of the bank.
- Guaranty Trust Bank dropped to N32.8 from N33. It is trading 14.69% away from its 52 weeks high of N38.45, which suggest an uptrend potential for the share price of Guaranty Trust Bank.
Percentage Gainers
FTN Cocoa led other gainers with 9.88% growth to close at N0.89 from the previous close of N0.81.
LASACO, Skyway Aviation and Japaul Gold among other gainers also grew their share prices by 9.68%, 9.22% and 9.09% respectively.
Percentage Losers
Champions Breweries led other price decliners as it shed 7.87% of its share price to close at N0.82 from the previous close of N0.89.
Jaiz Bank and WAPCO among other price decliners both shed their share prices by 4.76%, respectively.
Volume Drivers
- Zenith Bank traded about 84.43 million units of its shares in 294 deals, valued at N2.129 billion.
- Guaranty Trust Bank traded about 59.18 million units of its shares in 183 deals, valued at N1.941 billion.
- Flour Mills of Nigeria traded about 56.16 million units of its shares in 55 deals, valued at N1.571 billion.