Nigerian Bourse sheds N23bn, closes 0.17% lower, Thursday

The Nigerian equities market on Thursday closed in red as the All Share Index drops by 0.17%, closing at 31,254.19 points, against the previous close of 31,307.00 points on Tuesday.

Market capitalisation closed at N13.766 trillion, shedding N23bn from the previous close of N13.789 trillion on Tuesday.

Aggregate volume and value of traded stocks closed at 376.80 million units, valued at N5.89bn in 4549 deals.

Market Breadth

The market breadth closed positive as 20 stocks gained while 19 stocks declined in their share prices.

Percentage Gainers

Livestock Feeds with 9.26% growth led other gainers to close at N0.59 from the previous close of N0.54.

Law Union & Rock Insurance and Sterling Bank among other gainers also grew their share price by 9.09% and 8.70% respectively.

Percentage Losers

Japaul Oil, Berger Paint, Unilever and Sovereign Trust Insurance among other price decliners shed their prices by 10%, 9.52%, 8.01% and 8.00% respectively.

Volume Drivers

Zenith Bank traded about 39.11 million units of its share price in 521 deals, valued at N803.8 million.

 

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