The Nigerian equities market on Thursday closed in red as the All Share Index declined by 0.62% to close at 26,808.24 points against the previous close of 26,974.38 points on Wednesday.
Market Capitalisation declined by 0.61% to close at N13.966 trillion from the previous close of N14.052 trillion, thereby shedding N86 billion.
Aggregate volume of traded stocks closed at 231.5 million units, up by 1.38% from the previous close of 228.4 million units.
Value of traded stocks grew by 63.69% to close at N4.48 billion from the previous close of N2.737 billion.
Total number of deals at the close of trade was 3,606, down by 5.87% from the previous close of 3,831 deals.
Market Breadth
The Market Breadth closed negative as 13 stocks gained while 19 stocks declined in their share prices.
Percentage Gainers
Jaiz Bank led the percentage gainers list with 9.43% growth to close at N0.58 from the previous close of N0.53.
Law Union & Rocks Insurance and NAHCO among other gainers also grew their share prices by 7.95% and 7.04% respectively.
Percentage Losers
Flour Mills of Nigeria led the price decliners’ list, shedding 8.70% of its share price to close at N21.00 from the previous close of N23.00.
Consolidated Hallmark Insurance, NPF Microfinance Bank and Stanbic IBTC among other price decliners also shed their share prices by 6.90%, 6.25% and 6.23% respectively.
Volume Drivers
- Zenith Bank traded about 45.57 million units of its shares in 681 deals, valued at about N868 million.
- Nigerian Breweries traded about 39.5 million units of its shares in 117 deals, valued at about N1.78 billion.
- Guaranty Trust Bank traded about 35.6 million units of its shares in 369 deals, valued at about N949 million.