Nigerian stock market extends decline, closes 1.30% lower

The Nigerian Bourse on Thursday extends decline from the previous trading session as the All Share Index declines 1.30% to close at 38,104.54 points as against 38,606.41 points of Wednesday.

Market capitalization fell by N181 billion, implying a decline of 1.29% to settle at N13.803 trillion as against N13.984 trillion of the last trading session.

Volume and value of traded stocks appreciated by 39.22% and 108.02% respectively to settle at 476 million units and N9.86billion.


Market Breadth

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

Percentage Gainers

CCNN led other percentage gainers closing 10.12% above the previous close of N24.20 to settle at N26.65

FCMB grew 8.10% and FBNH grew 5.73% ahead other stocks like Unilever, Fidelity Bank and Eterna Oil.

Percentage Losers

International Breweries tops the losers’ chart losing 9.64% of its share price, while Forte Oil and Okomu Oil shed 9.09% and 5.88% respectively.

Zenith Bank is the most actively traded stock for the day, having traded about 127million units of its shares in 442 deals, worth about N3.261 billion


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