Stock market closes lower by 0.21% as Dangote Cement sheds weight

The Nigerian stock market on Thursday closed on a negative note, occasioned by 1.18% drop in the share price of Dangote Cement.

The All Share Index declined by 0.21% to close at 42,270.23 points from the previous close of 42,357.36 points.

The Market Capitalisation declined by 0.20% to close at N22.057 trillion from the previous close of N22.102 trillion, thereby shedding N45 billion.

An aggregate of 249.43 million units of shares were traded in 3,578 deals, valued at N3.57 billion

The Market Breadth closed negative as 15 equities emerged as gainers while 20 equities declined in their share prices.

Percentage Gainers

Royal Exchange led other gainers with 5% growth, closing at N0.63 from the previous close of N0.60.

Chams Plc and NGX Plc among other gainers also grew their share prices by 4.76% and 3.92% respectively.

Percentage Losers

Livestock Feeds led other price decliners as it shed 10% of its share price to close at N1.80 from the previous close of N2.00.

UPDC and CAP among other price decliners also shed their share prices by 8.33% and 5.70% respectively

Volume Drivers

FBNH traded about 79.14 million units of its share in 300 deals, valued at N955.87 million.

Access Bank traded 33.26 million units of its shares in 164 deals, valued at N299.45 million

Ecobank traded about 23.18 million units of its shares in 85 deals, valued at N218.35 million.

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