Nigerian stock market slumps 0.56% further, Wednesday  

The Nigerian Bourse on Wednesday extended decline from the previous session as the All Share Index slumped 0.56% to close at 28,042.80 points below 28,200.88 points of the last trading session on Tuesday.

Market capitalisation declined also to N13.667 trillion from 13.744 trillion of the last trading session, thereby shedding 77 billion.

The Volume and value of traded stock closed higher with 12.24% and 116.00% to stand at 243 million units and N3.8 billion in 3,449 deals respectively.

Market Breadth

8 stocks closed gained against 26 that lost bringing the market breadth to a negative round off.

Percentage Gainers

AG Levetis led other percentage gainers closing 10.00% above the previous close of N0.30 to settle at N0.33, CHAMS grew 8.00% and Mutual Benefit grew 5.00% ahead of other stocks in today’s green table.

Percentage Losers

Julius Berger tops the losers’ chart losing 9.77% of its share price, while NAHCO, Unity Bank and MANSARD all shedding 9.62%, 9.23% and 8.33% respectively.

Volume Drivers

At the close of the day’s trading, Guaranty traded the highest volume of about 77 million units of its stock, worth about N2.2 billion exchanged in 255 hands

 

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