Market dips by 0.01% amidst low trading volume

The equity market on Thursday closed on a negative note as the All Share Index declined marginally by 0.01% to settle at 37,866.90 points from the previous close of 37,872.55 points.

The Market Capitalisation declined by 0.02% to close at N19.729 trillion from the previous close of N19.732 trillion, thereby shedding N3 billion.

An aggregate of 159.997 million units of shares were traded in 3,038 deals, valued at N927.86 million.

The Market Breadth closed positive as 18 equities appreciated in their share prices against 16 equities that declined in their share prices.

Percentage Gainers

Sovereign Trust Insurance led other gainers with 10% growth, closing at N0.33 from the previous close of N0.30.

FTN Cocoa, CWG and AIICO Insurance among other gainers also grew their share prices by 9.76%, 9.65% and 9.52% respectively.

Percentage Losers

Ikeja Hotel led other price decliners as it shed 9.29% of its share price to close at N1.27 from the previous close of N1.4.

UDPC and Coronation Insurance among other price decliners also shed their share prices by 9.09% and 8.47% respectively.

Volume Drivers

Sovereign Trust Insurance traded about 14.95 million units of its shares in 26 deals, valued at N4.75 million.

Fidelity Bank traded about 13.48 million units of its shares in 124 deals valued at N32.16 million.

Coronation Insurance traded about 11.96 million units of its shares in 40 deals, valued at N6.497 million.

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