Equity market dips marginally by 0.03% on profit taking

The Nigerian equity market on Wednesday closed on a negative note as the All Share Index declined marginally by 0.03% to close at 38,791.03 points from the previous close of 38,802.15 points.

The Market Capitalisation declined by 0.02% to close at N20.211 trillion from the previous close of N20.216 trillion, thereby shedding N5 billion.

An aggregate of 237.5 million units of shares were traded in 4,305 deals, valued at N1.88 billion.

The Market Breadth negative as 18 equities appreciated in their share prices against 24 equities that declined in their share prices.

Percentage Gainers

Capital Hotel led other gainers with 9.85% growth, closing at N2.90 from the previous close of N2.64.

Oando, BOC Gases and FTN Cocoa among other gainers also grew their share prices by 9.81%, 8.88% and 8.16% respectively.

Percentage Losers

Tripple Gee and Consolidated Hallmark Insurance led other price decliners as they 10% of their share prices to close at N0.90 and N0.54 respectively.

Pharmadeko and Regency Assurance among other price decliners also shed their share prices by 9.92% and 6.82% respectively.

Volume Drivers

Oando traded about 44.29 million units of its shares in 417 deals, valued at N232.963 million.

UBA traded about 19.347 million units of its shares in 171 deals valued at N150.748 million.

Wema Bank traded about 14.24 million units of its shares in 83 deals, valued at N11.875 million.

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