The Nigerian equity market on Thursday closed on a bearish note as the All Share Index declined marginally by 0.02% to settle at 37,898.56 points from the previous close of 37,907.28 points. Year to date, the market has returned -5.89%.
The Market Capitalisation declined by 0.02% to close at N19.756 trillion from the previous close of N19.760 trillion, thereby shedding N4 billion.
An aggregate of 205.45 million units of shares were traded in 3,563 deals, valued at N2.73 billion.
The Market Breadth closed positive as 20 equities appreciated in their share prices against 15 equities that declined in their share prices.
Percentage Gainers
Tripple Gee led other gainers with 10% growth, closing at N0.77 from the previous close of N0.70.
Ikeja Hotel and CWG among other gainers also grew their share prices by 9..77% and 9.57% respectively.
Percentage Losers
Royal Exchange Plc led other price decliners as it shed 9.84% of its share price to close at N0.55 from the previous close of N0.61.
Oando and Mutual Benefit Assurance among other price decliners also shed their share prices by 8.51% and 6.98% respectively.
Volume Drivers
Guaranty Trust Holdings traded about 41.84 million units of its shares in 223 deals, valued at N1.25 billion.
Mutual Benefit Assurance traded about 14.68 million units of its shares in 44 deals valued at N5.89 million.
Wema Bank traded about 13.18 million units of its shares in 76 deals, valued at N8.32 million.