The equity market on Thursday closed on a bearish note occasioned by loss in the share price of Dangote Cement by 2.86%.
The All Share Index depreciated by 0.49% to settle at 38,044.58 points from the previous close of 38,233.68 points. The Market Capitalisation declined by 0.49% to close at N19.830 trillion from the previous close of N19.928 trillion, thereby shedding N98 billion.
An aggregate of 214 million units of shares were traded in 3,565 deals, valued at N1.34 billion.
The Market Breadth closed negative as 16 equities appreciated in their share prices against 21 equities that declined in their share prices.
Percentage Gainers
- Mutual Benefit Assurance led other gainers with 7.32% growth to close at N0.44 from the previous close of N0.41.
- Regency Assurance and Cutix Plc among other gainers also grew their share prices by 7.14% respectively.
Percentage Losers
- Sovereign Trust Insurance led other price decliners as it shed 10% of its share price to close at N0.27 from the previous close of N0.30.
- ABC Transport and Academy Press among other price decliners also shed their share prices by 8.11% and 7.69% respectively.
Volume Drivers
- Sovereign Trust Insurance traded about 27.17 million units of its shares in 64 deals, valued at N7.82 million.
- Mutual Benefit Assurance traded about 17.16 million units of its shares in 40 deals, valued at N7.1 million.
- UACN traded about 15.68 million units of its shares in 267 deals, valued at about N174.31 million.