Equities market sheds N13bn, closes lower by 0.13%

The Nigerian equities market on Friday closed on a negative note as the All Share Index dropped by 0.13% to settle at 21,094.62 points against the previous close of 21,121.20 points on Thursday.

The market capitalisation declined by 0.12% to close at N10.994 trillion from the previous close of N11.007 trillion, thereby shedding N13 billion.

Aggregate volume of traded stocks was 235.3 million units, down by 7.94% from the previous close of 255.6 million units.

The value of traded stocks was N2.98 billion, up by 3.97% from the previous close of N2.86 billion.

Total number of deals at the close of trade was 3,988, down by 9.73% from the previous close of 4,418 deals.

Market Breadth

The market breadth closed positive as 15 equities gained while 13 equities declined in their share prices.

 

Percentage Gainers

Access Bank and Courtville led other percentage gainers with 10% growth, closing at N6.05 and N0.22 respectively.

Zenith Bank grew its share price by 8.18% to settle at N11.90 from the previous close of N11.00.

Union Diagnostics and UACN among other gainers also both grew their share prices by 7.69% respectively.

 

Percentage Losers

Skyway Aviation led other price decliners, shedding 9.89% of is share price to close at N2.37 from the previous close of N2.63.

C&I Leasing and Cornerstone Insurance among other price decliners also shed their share prices by 9.68% and 6.90% respectively.

 

Volume Drivers

First Bank of Nigeria Holdings (FBNH) traded about 59.68 million units of its shares in 329 deals, valued at N232 million.

Guaranty Trust Bank traded about 43.56 million units of its shares in 430 deals, valued at N768 million.

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