The stock market on Wednesday closed on a negative note occasioned by losses in the share prices of Airtel Africa and Dangote Cement by 10% and 0.47% respectively.
The All Share Index depreciated by 1.48% to settle at 38,445.09 points from the previous close of 39,022.52 points. The Market Capitalisation declined by 1.48% to close at N20.038 trillion from the previous close of N20.339 trillion, thereby N301 billion.
An aggregate of 153.64 million units of shares were traded in 3,494 deals, valued at N2.446 billion.
The Market Breadth closed negative as 23 equities appreciated in their share prices against 25 equities that declined in their share prices.
Percentage Gainers
- Seplat and MRS led other gainers with 10% growth to close at N682 and N12.10 respectively.
- Sterling Bank and Japaul Gold among other gainers also grew their share prices by 9.74% and 9.62% respectively.
Percentage Losers
- Airtel Africa and C&I Leasing other price decliners as they shed 10% of their share prices to close at N837 and N4.50 respectively.
- Champions Breweries and SCOA Nigeria Plc among other price decliners also shed their share prices by 9.68% and 9.30% respectively.
Volume Drivers
- UACN traded about 10 million units of its shares in 145 deals, valued at N103.44 million.
- Zenith Bank traded about 9.64 million units of its shares in 314 deals, valued at N222.85 million.
- Fidelity Bank traded about 8.745 million units of its shares in 88 deals, valued at about N19.84 million.