Nigerian Stock Market Slides By 0.71% after Presidential Election Result

The Nigerian Equities market on Wednesday after the announcement of the winner for the presidential election closed on a bearish note as the All Share Index declined further by 0.71% to close at 32,244.24 points from the previous close of 32,473.82 points on Tuesday.

Market Capitalisation closed at N12.024 trillion, shedding N86 billion from the previous close of N12.110 trillion on Tuesday.

The aggregate volume and value of traded stocks closed at 456 million units and N2.68 billion respectively in 5,416 deals.

Market Breadth

The market breadth closed negative as only 10 stocks gained against 30 stocks that lost.

Percentage Gainers

Neimeth International Pharmaceuticals with 9.84% growth led the percentage gainers to close at N0.67 from the previous close of N0.61.

PZ, NPF Microfinance Bank and John Holt among other gainers grew their share prices by 9.35%, 8.72% and 8.33%

Percentage Losers

Union Diagnostics tops the losers’ chart with 9.68% price decline to close at N0.28. Oando, Wema Bank and Veritas Kapital also shed 9.66%, 8.24% and 8.00% of their share prices respectively.

Volume Drivers

Diamond Bank traded about 187.4 million units of its shares in 135 deals valued at N466.65 million

Leave a Reply

Your email address will not be published.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