The Nigerian equity market on Thursday closed on a bearish note as Dangote Cement shed 1.87% of its share price, bringing the All Share Index down by 0.30% to settle at 38,328.13 points from the previous close of 38,445.09 points.
The Market Capitalisation declined by 0.30% to close at N19.978 trillion from the previous close of N20.038 trillion, thereby shedding N60 billion.
An aggregate of 157.26 million units of shares were traded in 2,824 deals, valued at N1.74 billion.
The Market Breadth closed negative as 18 equities appreciated in their share prices against 19 equities that declined in their share prices.
Percentage Gainers
- Trans-Nationwide Express Plc led other gainers with 9.88% growth to close at N0.89 from the previous close of N0.81.
- Prestige Assurance and Chams Plc among other gainers also grew their share prices by 6.52% and 4.76% respectively.
Percentage Losers
- Sunu Assurance led other price decliners as it shed 9.62% of its share price to close at N0.47 from the previous close of N0.52.
- Royal Exchange Plc and Regency Assurance among other price decliners also shed their share prices by 9.33% and 8.11% respectively.
Volume Drivers
- Zenith Bank traded about 27.57 million units of its shares in 269 deals, valued at N634.19 million.
- Access Bank traded about 19.62 million units of its shares in 149 deals, valued at N161.76 million.
- FBNH traded about 13.49 million units of its shares in 126 deals, valued at about N96.89 million.