The Nigerian stock market on Thursday closed on a bearish note as the All Share Index declined by 0.14% to close at 47,296.07 points from the previous close of 47.360.79 points on Wednesday.
Market Capitalisation was down by 0.14% to close at N25.490 trillion against Wednesday’s close of N25.525 trillion, shedding N35 billion.
An aggregate of 243 million units of shares were traded in 7,056 deals, valued at N6.9 billion.
Market Breadth
Market Breadth closed negative as 12 stocks gained while 34 stocks declined in their share prices.
Percentage Gainers
ABC Transport led the gainers’ chart with 9.37% growth to close at N0.35 from the previous close of N0.32.
LASACO grew by 7.62% while Jaiz Bank and Linkage Assurance gained 5.71% and 3.85% respectively.
Percentage Losers
CAP Plc and RTBRISCOE top the losers’ list, shedding 10.00 each to close at N17.55 and N0.63 from N19.50 and N0.70% respectively.
Still on the red chart are NGXGROUP, Red Star Express and Royal Exchange shedding 9.96%, 9.78% and 9.70% of their share prices ahead of other stocks on the red table.
Volume Drivers
MTN Nigeria traded about 22.7 million units of its shares in 371 deals, valued at about N4.65 billion.
NGXGROUP traded about 22 million units of its shares in 297 deals, valued at about N463 million.
FBNH traded about 14 million units of its shares in 252 deals, worth at about N154.6 million.