Market dips further by 0.32% amidst profit taking

The Nigerian stock market on Thursday closed on a negative note as the All Share Index declined by 0.32% to close at 43,108.77points from the previous close of 43,245.02 points.

The Market Capitalisation closed at N22.494 trillion, down by 0.31% from the previous close of N22.565 trillion, thereby shedding N71 billion.

An aggregate of 266.12 million units of shares were traded in 3,905 deals, valued at N4.22 billion.

The Market Breadth closed negative as 14 equities emerged as gainers against 24 equities that declined in their share prices.

Percentage Gainers

Honeywell Flour led other gainers with 9.76% growth, closing at N4.09 from the previous close of N3.69.

AIICO Insurance and Regency Assurance among other gainers also grew there share prices by 8.47% and 8.33% respectively.

Percentage Losers

MRS led other price decliners as it shed 9.87% of its share price to close at N13.70 from the previous close of N15.20.

Chams Plc and Ecobank among other price decliners also shed 8.70% and 8.57% of their share prices respectively.

Volume Drivers

Honeywell Flour traded about 52.47 million units of its shares in 368 deals, valued at N209.57 million.

GTCO traded about 22.96 million units of its shares in 348 deals, valued at N578.56 million.

Zenith Bank traded about 22.89 million units of its shares in 278 deals, valued at N559.04 million.

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