Nigerian Stock market extends decline, closes 0.04% lower, Tuesday

The Nigerian equities market on Tuesday extended decline from the previous trading session with a marginal loss of 0.04% as the All Share Index drops to 41,155.80 points.

Market capitalisation depreciated by 0.04% closing at N14.904 trillion, as against N14.914 trillion of the previous trading session implying a loss of about N6 billion.

Volume and value of traded stocks grew 154.58% and 124.74%, closing at 563.6 million units and N5.77 billion respectively.

Market Breadth

24 stocks closed positive as against 25 that lost bringing the market breadth to a negative round off.

Percentage Gainers

CUTIX led other percentage gainers closing 8.47% above the previous close of N2.95 to settle at N3.2
Livestock Feeds appreciated by 4.94%, Cement Company of Northern Nigeria (CCNN) grew 4.92% and Wema Bank grew 4.71% ahead other stocks like Skye Bank, Redstar Express and Japaul Oil.

Percentage Losers

Forte Oil tops the losers’ chart losing 5% of its share price, while C&I Leasing and Courtville both shed 4.76% and 4.55% respectively.

The most actively traded stock of the day is Zenith Bank, trading about 32.5 million units of its shares in 338 deals worth about N893.48 million

Leave a Reply

Your email address will not be published. Required fields are marked *