AIICO Insurance leads gainers as stock market returns -0.05%

The Nigerian stock market on Tuesday closed on a bearish note occasioned by profit taking by investors.

The All Share Index declined by 0.05% to close at 43,248.05 points from the previous close of 43,270.94 points.

The Market Capitalisation declined by 0.05% to close at N22.567 trillion from the previous close of N22.579 trillion, thereby shedding N12 billion.

An aggregate of 224.91 million units of shares were traded in 4,331 deals, valued at N3.708 billion.

The Market Breadth closed negative as 12 equities emerged as gainers against 24 equities that declined in their share prices.

Percentage Gainers

AIICO Insurance led other gainers with 9.21% growth to close at N0.83 from the previous close of N0.76.

Access Bank and Coronation Insurance among other gainers also grew there share prices by 4.40% and 4.17% respectively.

Percentage Losers

UPDC Real Estate Investment Trust led other price decliners as it shed 9.89% of its share price to close at N4.10 from the previous close of N4.55.

Ikeja Hotel and UPDC among other price decliners also shed 9.63% and 9.32% of their share prices respectively.

Volume Drivers

Access Bank traded about 42.18 million units of its shares in 200 deals, valued at N389.7 million.

Zenith Bank traded about 38.97 million units of its shares in 437 deals, valued at N935.4 million.

First Bank of Nigeria Holdings traded about 16.89 million units of its shares in 258 deals, valued at N198.73 million.

Leave a Reply

Your email address will not be published.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