Stock market declines marginally by 0.08

It was a bearish session on the floor of the Nigerian stock market on Tuesday as the All Share Index declined by 0.08% to close at 100,486.12 points from the previous close of 100,568.60 points.

The Market Capitalisation was down also by 0.08% closing at N56.899 trillion from the previous close of N56.945 trillion, thereby shedding N46 billion.

An aggregate of 280.9 million units of shares were traded in 8,403 deals, valued at N3.6 billion.

The Market Breadth closed negative as 14 equities emerged as gainers against 27 equities that declined in their share prices.

Percentage Gainers

Ikeja Hotel led other gainers with 7.58% growth to close at N7.10 from the previous close of 6.60.

Linkage Assurance, CAVERTON and Sovereign Trust Insurance among other gainers also grew their share prices by 6.90%, 5.00% and 4.17% respectively.

Percentage Losers

University Press led other price decliners as it shed 9.92% of its share price to close at N2.27 from the previous close of N2.52.

JOHNHOLT, OMATEK and DEAPCAP among other price decliners also shed their share prices by 9.87%, 9.46% and 8.93% respectively.

Volume Drivers

UCAP traded about 20.9 million units of its shares in 721 deals, valued at N817 million

ACCESSCORP traded about 20.4 million units of its shares in 875 deals, valued at N394 million.

Fidelity Bank traded about 14 million units of its shares in 320 deals, valued at N149.6 million.

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