The Nigerian equity market on Tuesday closed on a bearish note occasioned by loses in the share price of Airtel Africa and BUA Cement by 10% and 2.71% respectively.
The All Share Index declined by 1.81% to settle at 37,847.07 points from the previous close of 38,545.30 points. The Market Capitalisation depreciated by 1.81% to close at N19.725 trillion from the previous close of N20.089 trillion, thereby shedding N364 billion.
An aggregate of 218.27 million units of shares were traded in 3,524 deals, valued at N2.73 billion.
The Market Breadth closed negative as 18 equities appreciated in their share prices against 23 equities that declined in their share prices.
Percentage Gainers
- Fidson led other gainers with 10% growth to close at N5.06 from the previous close of N4.6.
- Vitafoam and Red Star Express among other gainers also grew their share prices by 9.68% and 9.55% respectively.
Percentage Losers
- Airtel led other price decliners as it shed 10% of its share price to close at N678 from the previous close of N753.3.
- Mutual Benefit and Cornerstone Insurance among other price decliners also shed their share prices by 7.32% and 7.27% respectively.
Volume Drivers
- Transcorp traded about 42.44 million units of its shares in 112 deals, valued at N37.2 million.
- Vitafoam traded about 20.13 million units of its shares in 255 deals, valued at N271.57 million.
- Dangote Sugar traded about 17.63 million units of its shares in 140 deals, valued at N312 million.