Equities market sheds N174bn as NSEASI closes lower by 1.19%

Trading activities on the floor of the Nigerian stock exchange on Wednesday closed on a negative note as the All Share Index declined by 1.19% to close at 28,093.76 points against the previous close of 28,432.27 points. At the close of trade on Wednesday, the market had declined for 8 consecutive days.

The Market capitalisation declined by 1.19% to close at N14.471 trillion against the previous close of N14.645 trillion, thereby shedding N174 billion.

 

Aggregate volume of traded stocks closed at 350 million units, up by 37.41%, from the previous close of 254.86 million units.

The value of traded stocks was up by 40.73%, closing at N4.28 billion away from the previous close of N3.043 billion.

Total number of deals at the close of trade was 4,729, down by 9.04%, against the previous close of 5,199 deals.

 

Market Breadth

The Market Breadth closed negative as 18 stocks gained while 21 stocks declined in their share prices.

Percentage Gainers

 

Union Bank of Nigeria led other percentage gainers with 9.85% to close at N7.25 from the previous close of N6.60.

Law Union & Rocks Insurance, Consolidated Hallmark Insurance, CAP and Linkage Assurance among other gainers also grew their share prices by 9.52%, 9.09%, 8.85% and 8.77%.

 

Percentage Losers

Conoil and NASCON both led the price decliners list, shedding 10% of their share prices to close at N18.00 and N13.50 respectively.

Mobil, C&I Leasing and Glaxosmith among others also shed their share prices by 9.94%, 9.52% and 8.26% respectively.

 

Volume Drivers

Zenith Bank traded about 98.1 million units of its shares in 796 deals, valued at N1.87 billion.

FBNH traded about 47.1 million units of its shares in 500 deals, valued at N277.8 million.

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