The Nigerian equity market on Thursday closed on negative note as the All Share Index declined by 0.10% after seven days of consistent gain. The All Share Index closed at 25,304.25 points as against the previous close of 25,330.10 points.
Market capitalisation declined by 0.10% to close at N13.201 trillion from the previous close of N13.214 trillion, thereby shedding N13 billion.
An aggregate of 251.3 million units of shares were traded in 2,954 deals, valued at N1.58 billion.
Market Breadth
The market breadth closed negative as 11 equities appreciated in their share prices against 19 equities that declined in their share prices.
Percentage Gainers
May & Baker led other percentage gainers with 9.89% growth to close at N3.00 from the previous close on N2.73.
University Press, AXA Mansard and Jaiz Bank among other gainers also grew their share prices by 9.40%, 9.36% and 5.00% respectively.
Percentage Losers
Consolidated Hallmark Insurance led other price decliners as it shed 8.11% of its share price to close at N0.34 from the previous close of N0.37.
Fidson Healthcare and LASACO among other price decliners also shed their share prices by 7.25% and 6.06%% respectively.
Volume Drivers
- UACN traded 111.87 million units of its shares in 58 deals, valued at N643.19 million.
- UBA traded 24.97 million units of its shares in 175 deals, valued at N159.48 million.
- FBN Holdings traded about 20.9 million units of its shares in 197 deals, valued at N104.54 million.