The Nigerian equity market on Tuesday after seven straight days of gains succumb to profit taking as the All Share Index declined by 0.20% to settle at 52,296.48 points from the previous close of 52,403.51 points.
Market capitalization dropped by 0.20% to close at N28.476 trillion from the previous close of N28.534 trillion thereby shedding N58 billion.
An aggregate of 550 million units of shares were traded in 9,180 deals, valued at N5 billion.
Market Breadth
Market Breadth closed positive as 30 stocks gained against 23 stocks that declined in their share prices.
Percentage Gainers
Union Bank of Nigeria and CONOIL led gainers’ chart with 10.00% growth each to close at N7.70 and N44.00 from the previous close of N7.00.and N40.00 respectively.
MULTIVERSE, NAHCO and Nigerian Breweries among other gainers also grew their share prices by 9.71%, 9.62and 9.38% respectively.
Percentage Losers
GEREGU led other price decliners as it shed 10.00% of its share price to close at N290.70 from the previous close of N323.00.
TRASCORP, African Prudential and International Breweries among other price decliners also shed their share prices by 9.96%, 9.40% and 8.51% respectively.
Volume Drivers
ACCESSCORP traded about 150 million units of its shares in 1,332 deals, valued at about N1.5 billion.
MANSARD traded about 41.8 million units of its shares in 155 deals, valued at N100.9 million.
Fidelity Bank traded about 20 million units of its shares in 131 deals, valued at N111 million.