Market sheds N136bn as NGXASI declines by 0.22%

The equity market on Tuesday, the last trading day of the year closed on a bearish note as the All Share Index declined by 0.22% to settle at 102,926.40 points from the previous close of 103,149.35 points.

The Market Capitalisation declined by 0.22% to close at N62.763 trillion from the previous close of N62.899 trillion, thereby shedding N136 billion.

An aggregate of 437.8 million units of shares were traded in 8,830 deals, valued at N40 billion.

The Market Breadth closed positive as 36 equities appreciated in their share prices against 27 equities that declined in their share prices.

Percentage Gainers

BETA GLASS, Universal Insurance, Prestige Assurance led other gainers with 10.00% growth each to close at N64.90, N0.66 and N1.21 respectively.

Okomu Oil, THOMASWYAT and MECURE among other gainers also grew their share prices by 9.98%, 9.88%, 9.88% respectively.

Percentage Losers

ETERNA OIL and UNIONDICON led other price decliners as they shed 10.00% each of their share prices to close at N24.30 and N7.20 from the previous close of N27.00 and N8.00 respectively.

Champion Breweries and PZ among other price decliners also shed their share prices by 8.19% and 6.90% respectively.

Volume Drivers

ACCESSCORP traded about 30 million units of its shares in 406 deals, valued at N724 million.

Universal Insurance traded about 25 million units of its shares in 111 deals, valued at about N16 million.

Prestige Assurance traded about 24 million units of its shares in 102 deals, valued at N29 million.

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