The Nigerian Stock market for two consecutive sessions this week closed on a negative note due to profit taking. The All Share Index on Tuesday declined by 0.07% to settle at 41,051.63 points from the previous close of 41,082.38 points. Also contributing to the downward trend was losses in the share prices of BUA Cement as it shed 1.13% of its share price.
Market Capitalisation closed at N21.475 trillion, down by 0.07% from the previous close of N21.491 trillion, shedding N16 billion.
Market breadth was significantly positive as 43 equities emerged gainers compared to 21 decliners at the end of the trading session today.
Percentage Gainers
Prestige Assurance, Union Dicon Salt, WAPIC, Nem Insurance, Afromedia and Guinea Insurance grew their share prices by 10% to close at N0.55, N0.33, N0.66, N2.53, and N0.22 respectively.
Livestock, AIICO Insurance, Portpaints among other 7 stocks gained more than 9% of their share prices ahead other stocks on the gainers’ chart.
Percentage losers
Japaul Gold topped the losers’ table, declining by 8.86% to close at N1.28 from N1.42 on Monday. ARDOVA shrank by 8.63% to close the day at N18.00. FTNCOCOA and Honeywell Flour fell to N0.66 and N1.10 respectively.
Volume Drivers
Living Trust traded about 387 million units of its shares in just 3 deals, valued at N232.65 million.
TRANSCORP traded about 42 million units of its shares in 64 deals, valued at N50.24 million.
Japaul Gold traded about 40 million units of its shares in 211 deals, valued at N50.87 million