The Nigerian equities market on Thursday closed on a negative note as the All Share Index declined by 0.38% to settle at 25,312.05 points against the previous close of 25,407.96 points on Wednesday.
Market Capitalisation closed at N13.204 trillion, down by 0.38% from the previous close of N13.254 trillion, thereby shedding N50 billion.
An aggregate of 270.19 million units of shares were traded in 4,550 deals, valued at N5.296 billion.
Market Breadth
The market breadth closed negative as 16 equities appreciated in their share prices while 17 equities declined in their share prices.
Percentage Gainers
UAC Property led other percentage gainers with 10% growth, closing at N0.88 from the previous close of N0.80.
Linkage Assurance, Skyway Aviation, Neimeth Pharmaceuticals and C&I Leasing among other gainers also grew their share prices by 9.76%, 9.69%, 9.52% and 9.28% respectively.
Percentage Losers
Cutix Plc led other price decliners as it shed 9.63% of its share price to close at N1.69 from the previous close of N1.87.
LASACO, Custodian Investment and Union Diagnostics among other price decliners also shed their share prices by 7.41%, 7.14% and 6.67% respectively.
Volume Drivers
- First Bank of Nigeria Holdings (FBNH) traded about 41.35 million units of its shares in 320 deals, valued at N225.67 million.
- Zenith Bank traded about 25.21 million units of its shares in 474 deals, valued at N427.74 million.
- FCMB traded about 22.07 million units of its shares in 63 deals, valued at N38.23 million.