Market dips by 0.09% as 26 equities shed weight

Transactions on the floor of the Nigerian Exchange on Tuesday closed on negative note as the All Share Index declined by 0.09% to close at 43,859.30 points from the previous close of 43,897.13 points.

The Market Capitalisation closed at N23.631 trillion, down by 0.08% from the previous close of N23.651 trillion, thereby shedding N20 billion.

An aggregate of 294.54 million units of shares were traded in 4,501 deals, valued at N6.768 billion.

The Market Breadth closed negative as 17 equities emerged as gainers against 26 equities that declined in their share prices.

Percentage Gainers

BUA Foods led other gainers as it grew its share price by 10% to close at N64.35 from the previous close of N58.50.

Eterna Plc, Union Bank and Wema Bank among other gainers also grew their share prices by 5.09%, 4.63% and 3.57% respectively.

Percentage Losers

Mutual Benefit Assurance led other price decliners as it shed 10% of its share price to close at N0.27 from the previous close of N0.30.

Berger Paint and UPDC REIT among other prices decliners also shed their share prices by 9.94% and 8.14% respectively.

Volume Drivers

Transcorp traded about 58.36 million units of its shares in 102 deals, valued at N57.36 million.

BUA Foods traded about 51.53 million units of its shares in 206 deals, valued at N3.32 billion.

FBNH traded about 16.51 million units of its shares in 165 deals, valued at N197.3 million.

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