The Nigerian stock market on Tuesday closed lower by 1.66% as four equities were delisted from the official price list of the Nigerian Exchange Group. The delisted companies include: Evan Medical, UNIC Insurance, Nigerian-German Chemicals and ROADS Nigeria Plc.
The All Share Index depreciated by 1.66% to settle at 38,507.29 points from the previous close of 39,156.28 points. The Market Capitalisation declined by 1.67% to close at N20.069 trillion from the previous close of N20.409 trillion, thereby shedding N340 billion.
An aggregate of 289 million units of shares were traded in 3,719 deals, valued at N3.545 billion.
The Market Breadth closed negative as 19 equities appreciated in their share prices against 26 equities that declined in their share prices.
Percentage Gainers
- CWG Plc led other gainers with 9.73% growth to close at N1.24 from the previous close of N1.13.
- Berger Paints and Red Star Express among other gainers also grew their share prices by 6.72% and 4.19% respectively.
Percentage Losers
- Airtel Africa led other price decliners as it shed 10% of its share price to close at N753.3 from the previous close of N837.
- Okomu Oil and Cornerstone Insurance among other price decliners also shed their share prices by 9.44% and 9.09% respectively.
Volume Drivers
- Access Bank traded about 43.14 million units of its shares in 289 deals, valued at N259.54 million.
- Sterling Bank traded about 33.21 million units of its shares in 401 deals, valued at N52.13 million.
- Zenith Bank traded about 25.90 million units of its shares in 312 deals, valued at N602.18 million.