The Nigerian stock market on Tuesday closed in red as the All Share Index declined further by 0.71% to settle at 22,543.07 points against the previous close of 22,705.19 points on Monday.
Market Capitalization likewise declined by 0.71% to close at N11.748 trillion from the previous close of N11.832 thereby shedding N84 billion.
- Aggregate volume of traded stocks was 675.9 million units, up by 22.56% from the previous close of 551.48 million units.
- Value of traded stocks was up by 40.03% to close at N8.06 billion from the previous close of N5.76 billion.
- Total number of deals at the close of trade was 7,368, up by 5.54% from the previous close of 6,981 deals.
Market Breadth
The market breadth closed positive as 27 equities gained against 12 equities that declined in their share prices.
Percentage Gainers
- WAPCO, Access Bank and United Capital led other percentage gainers with 10% growth to close at N11, N6.05 and N 2.42 respectively.
- FCMB grew its share price by 9.66% to close at N1.59 from the previous close of N1.45.
- Cadbury and Caverton both grew their share prices by 9.62% respectively among other gainers.
Percentage Losers
- Dangote Cement and NASCON Industries led other price decliners, shedding 10% of their share prices respectively.
- Ardova Plc, CAP Plc and International Breweries among other price decliners shed their share prices by 9.80%, 9.77% and 9.57% respectively.
Volume Drivers
- Zenith Bank traded about 173.94 million units of its shares in 1,663 deals, valued at N2.32 billion.
- Guaranty Trust Bank traded about 131 million units of its shares in 1,402 deals, valued at N2.57 billion.