The Nigerian equity market on Thursday closed on a negative note as the All Share Index (ASI) declined by 0.07% to settle at 25,532.74 points from the previous close of 25,550.31 points on Wednesday.
Market Capitalisation closed lower by 0.07% to settle at N13.344 trillion from the previous close of N13.353 trillion, thereby shedding N9 billion
An aggregate of 231.2 million units of shares were traded in 3,360 deals, valued at N2.095 billion.
Market Breadth
The market breadth closed positive as 17 stocks gained while 11 stocks declined in their share prices.
Percentage Gainers
International Breweries led other gainers with 10% growth, closing at N3.30 from the previous close of N3.00.
Wapic Insurance and NPF Microfinance Bank among other gainers also grew their share prices 9.09% and 8.33% respectively.
Percentage Losers
Tripple Gee led other price decliners as it shed 9.09% of its share price to close at N0.40 from the previous close of N0.44.
Caverton and Dangote Sugar among other price decliners also shed their share prices by 8.60% and 5.88% respectively.
Volume Drivers
- FBN Holdings traded about 33.53 million units of its shares in 275 deals, valued at N165.36 million.
- Access Bank traded about 30.40 million units of its shares in 218 deals, valued at N200 million.
- Zenith Bank traded about 25.08 million units of its shares in 400 deals, valued at N418 million.