The Nigerian equities market on Tuesday closed on a negative note as the All Share Index dropped by 0.14% to settle at 21,300.47 points, against the previous close of 21,330.79 on Monday.
The market capitalisation likewise declined by 0.14% to close at N11.101 trillion from the previous close of N11.117 trillion, thereby shedding N16 billion.
Aggregate volume of traded stocks closed at 422 million units, down by 9.62% from the previous close of 466.9 million units.
The value of traded stocks was N1.72 billion, down by 10.81% from the previous close of N1.93 billion.
Total number of deals at the close of trade was 3,448, down by 5.77% from the previous close of 3,659 deals.
Market Breadth
The market breadth closed negative as 9 equities gained while 11 equities declined in their share prices.
Percentage Gainers
Glaxosmith led other percentage gainers with 10% growth, closing at N4.40 from the previous close of N4.00.
May & Baker, NEM Insurance and Wema Bank among other gainers grew their share prices by 9.74%, 9.52% and 6.38% respectively.
Percentage Losers
Jaiz Bank led other price decliners, shedding 9.43% of its share price to close at N0.48 from the previous close of N0.53.
Ikeja Hotel, Courtville and Sterling Bank among other price decliners shed their share prices by 9.09%, 4.76% and 4.17% respectively.
Volume Drivers
- Sterling Bank traded about 303.46 million units of its shares in 17 deals, valued at N348.75 million.
- Zenith Bank traded about 29.65 million units of its shares in 615 deals, valued at N350.4 million.
- Guaranty Trust Bank traded about 16.87 million units of its shares in 553 deals, valued at N301.16 million.