Market declines 0.39%, shedding N59 billion


Trading activities on the floor of the Nigerian Stock Exchange closed negative on Friday, with the All Share Index declining 0.3.9% from 41,633.79 points of Thursday to close at 41,472.10 points.

Market capitalization declined 0.39% closing N14.981 trillion as against N15.040 trillion of Thursday, shedding N59 billion.

Although volume of traded stocks grew by 3.28%, traded value declined by 8% closing at N6.759 billion as against the previous close of N7.347 billion.


Market Breadth

33 stocks closed positive against 24 that lost bringing the market breadth to a positive round off.

Percentage Gainers

Cadbury led other percentage gainers closing 9.81% above the previous close of N13.25, to settle at N14.55. Japaul Oil grew 9.52% and Diamond Bank grew 9.14% ahead other stocks like WAPIC and Unity Bank that grew 7.55% and 7.50% respectively.

Percentage Losers

FTN Cocoa tops the losers’ chart losing 8.33% of its share price, while Thomas Wyaat and Champion Breweries both shed 5% and 4.91% respectively.

The most actively traded equity for the day is Access Bank, trading about 86million units of its share in 499 deals, worth about N970 million.



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