Market sheds N13bn as NGXASI dips by 0.06%

The equity market opened the month of June on a bearish note as the All Share Index declined marginally by 0.06% to settle at 38,414.37 points from the previous close of 38,437.88 points.

The Market Capitalisation declined by 0.06% to close at N20.022 trillion from the previous close of N20.035 trillion, thereby shedding N13 billion.

An aggregate of 274.85 million units of shares were traded in 4,159 deals, valued at N2.63 billion.

The Market Breadth closed positive as 18 equities appreciated in their share prices against 17 equities that declined in their share prices.

Percentage Gainers

  • Morrison Industries led other gainers with 9.57% growth to close at N1.03 from the previous close of N0.94.
  • Coronation Insurance and University Press among other gainers also grew their share prices by 9.43% and 9.40% respectively.

Percentage Losers

  • Champion Breweries led other price decliners as it shed 9.91% of its share price to close at N1.91 from the previous close of N2.12.
  • John Holts, Africa Prudential and Honeywell Flour among other price decliners also shed their share prices by 7.94%, 7.26% and 6.61% respectively.

Volume Drivers

  • United Capital Plc traded about 23.97 million units of its shares in 230 deals, valued at about N143.66 million.
  • Veritas Kapital Assurance traded about 23.12 million units of its shares in 17 deals, valued at N4.62 million.
  • Eterna Plc traded about 21.57 million units of its shares in 18 deals, valued at N163.98 million.

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