Nigerian stock market declines, closes 1.49% lower, Wednesday

The Nigerian Bourse on Wednesday declined from the previous session as the All Share Index fell by 1.49% to close at 34,414.37 points against 34,933.68 points of the last trading session.

Market capitalization declined by 1.49% to settle at N12.564 trillion below N12.753 trillion of the last trading indicating a loss of N189 billion.

Volume and Value of traded stocks dipped by 16.71% and 40.02%, closing at 200 million units and N2.1 billion respectively.

Market Breadth

20 stocks closed positive against 26 that lost bringing the market breadth to a negative round off.

Percentage Gainers

C&I Leasing led other percentage gainers closing 9.93% above the previous close of N2.72, to settle at N2.99

Consolidated Hallmark Insurance grew 8.57%, JAIZBANK and Sterling Bank also gained 8.16% and 5.84% ahead of other 16 stocks on the gainers’ chart

Percentage Losers

 

Mutual Benefit tops the losers’ chart losing 10.00% of its share price. This is followed by Learnafrica, CHAMS and LAWUNION all shedding 9.82%, 9.68% and 9.59% respectively.

Volume Drivers

UBA traded the highest volume of about 22.4 million units of its share, in 218 deals, worth about N180 million

Stanbic traded about 19.2 million units of its share, valued at about N904 million at the close of today’s trading.

 

 

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