Market declines, down by 0.10%

The equity market on Thursday closed on a bearish note as the All Share Index declined by 0.10% to settle at 44,236.70 points from the previous close of 44,283.02 points.

The Market Capitalisation was down by 0.10% to close at N24.095 trillion from the previous close of N24.120 trillion, thereby shedding N25 billion.

An aggregate of 215 million units of shares were traded in 3,389 deals, valued at N1.9 billion.

The Market Breadth closed negative as 12 equities appreciated in their share prices against 20 equities that declined in their share prices.

Percentage Gainers

UPDCREIT led other gainers with 9.09% growth to close at N3.00 from the previous close of N2.75.

Transnational Express, Champion Breweries and JAPAULGOLD among other gainers also grew their share prices by 8.82%, 7.81% and 7.69% respectively.

Percentage Losers

Prestige Assurance led other price decliners as it shed 9.80% of its share price to close at N0.46 from the previous close of N0.51.

CAVERTON, Sunu Assurance and Unilever among other price decliners also shed their share prices by 9.38%, 8.57% and 8.29% respectively.

Volume Drivers

ACCESSCORP traded about 112 million units of its shares in 358 deals, valued at N892.6 million.

Sterling Bank traded about 12 million units of its shares in 70 deals, valued at N16.6 million.

Fidelity Bank traded about 9 million units of its shares in 79 deals, valued at about N38 million.

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