The Nigerian stock market on Thursday closed on a negative note as the All Share Index fell significantly by 3.12% to settle at 22,078.58 points against the previous close of 22,789.64 points on Wednesday.
The Market Capitalization declined by 3.12% to close at N11.506 trillion from the previous close of N11.876 trillion, thereby shedding N370 billion.
Aggregate volume of traded stocks was 525.85 million units, down by 21.69% from the previous close of 671.5 million units.
Value of traded stocks was down by 55.16% to close at N4.74 billion from the previous close of N10.58 billion.
Total number of deals at the close of trade was 5,450, down by 24.80% from the previous close of 7,247 deals.
Market Breadth
The market breadth closed negative as 13 equities gained against 22 equities that declined in their share prices.
Percentage Gainers
Africa Prudential Plc led the percentage gainers with 9.91% to growth, closing at N3.35 from the previous close of N3.23.
Jaiz Bank and Cornerstone Insurance among gainers also grew their share prices by 9.76% and 9.43% respectively.
Percentage Losers
United Capital and Zenith Bank led the price decliners list as they both shed 10% of their share prices to close at N2.34 and N12.15 respectively.
Arbico Plc, Fidson Healthcare and Prestige Assurance among other price decliners also shed their share prices by 9.81%, 9.80% and 9.09% respectively.
Volume Drivers
- Zenith Bank traded about 118 million units of its shares in 1,360 deals, valued at N1.47 billion.
- Guaranty Trust Bank traded about 100.7 million units of its shares in 909 deals, valued at N1.83 billion.