Market halts 8 straight days of gains, closes lower by 1.53%

The Nigerian stock market on Thursday halt 8 consecutive sessions of gains as profit taking in Airtel Africa largely contributed to the drop in The All Share Index by 1.53% to close at 50,868.52 points from the previous close of 51,657.56 points.

The Market Capitalisation declined by 1.52% to close at N27.707 trillion from the previous close of N28.136 trillion, thereby shedding N429 billion.

An aggregate of 138.7 million units of shares were traded in 3,673 deals, valued at N1.8 billion.

The Market Breadth closed positive as 20 equities emerged as gainers against 16 equities that declined in their share prices.

Percentage Gainers

JOHNHOLT led other gainers with 10.00% growth to close at N0.88 from the previous close of N0.80.

Honeywell Flour and CWG among others grew their share prices by 9.95% and 9.78% respectively.

Percentage Losers

Prestige Assurance led other price decliners as it sheds 8.70% of its share price to close at N0.42 from the previous close of N0.46.

Airtel Africa and University Press among other price decliners also shed their share prices by 8.26% and 7.37% respectively.

Volume Drivers

Sterling Bank traded about 29 million units of its shares in 57 deals, valued at N41 million.

GTCO traded about 19.9 million units of its shares in 336 deals, valued at N477.8 million.

ACCESSCORP traded about 11 million units of its shares in 191 deals, valued at N99.9 million.

Leave a Reply

Your email address will not be published.

WP Twitter Auto Publish Powered By :