Stock market extends decline by 0.68% amidst profit taking

The Nigerian stock market on Friday closed on a negative note as the All Share Index declined by 0.68% to close at 43,253.points from the previous close of 43,549.28 points.

The Market Capitalisation declined by 0.68% to close at N22.572 trillion from the previous close of N22.727 trillion, thereby shedding N155 billion.

An aggregate of 314.85 million units of shares were traded in 3,400 deals, valued at N4.649 billion.

The Market Breadth closed negative as 10 equities emerged as gainers against 15 equities that declined in their share prices.

Percentage Gainers

Veritas Kapital Assurance led other gainers with 9.52% growth, closing at N0.23 from the previous close of N0.21.

Red Star Express and Consolidated Hallmark Insurance among other gainers also grew there share prices by 6.38% and 5.45% respectively.

Percentage Losers

UDPC led other price decliners as it sheds 9.47% of its share price to close at N1.53 from the previous close of N1.69.

Livestock Feeds and Prestige Assurance among other price decliners also shed their share prices by 8.68% and 8.51% respectively.

Volume Drivers

FBNH traded about 129.77 million units of its shares in 290 deals, valued at N1.536 billion.

Stanbic IBTC traded about 19.52 million units of its shares in 25 deals, valued at N761.18 million.

GTCO traded about 18.44 million units of its shares in 144 deals, valued at N507.04 million.

Leave a Reply

Your email address will not be published. Required fields are marked *