MTN Nigeria shed 1.60% of its share price alongside other 10 stocks, dragging the Nigerian Market down on Thursday, the first trading day in the month of December as the All Share Index declined marginally by 0.01% to close at 47,656.64 points from the previous close of 47,660.04 points.
The Market Capitalisation was down also by 0.01% to close at N25.957 trillion from the previous close of N25.959 trillion, thereby shedding N2 billion.
An aggregate of 172.9 million units of shares were traded in 3,073 deals, valued at N2.8 billion.
The Market Breadth closed positive as 13 equities emerged as gainers against 11 equities that declined in their share prices.
Percentage Gainers
UPDCREIT led other gainers with 9.09% growth to close at N3.00 from the previous close of 2.75.
MCNICHOLS, JAPAULGOLD and Nigerian Breweries among other gainers also grew their share prices by 8.93%, 7.41% and 7.14% respectively.
Percentage Losers
Honeywell flour led other price decliners as it shed 7.89% of its share price to close at N2.10 from the previous close of N2.28.
RTBRISCOE and Wema Bank among other price decliners also shed their share prices by 7.41% and 5.45% respectively.
Volume Drivers
FCMB traded about 49.8 million units of its shares in 116 deals, valued at N172.8 million
ACCESSCORP traded about 11.6 million units of its shares in 151 deals, valued at N102 million.
UBA traded about 10.8 million units of its shares in 161 deals, valued at N79 million.