Stock market closes lower by 0.79% as profit taking persist by investors

The Nigerian stock market on Thursday extended decline as profit taking persist by investors.

The All share Index closed lower by 0.79% to settle at 38,484.82 points from the previous close of 38,791.03 points.

The significant decline in the All Share Index was occasioned by 5.21% drop in the share price of BUA Cement.

The Market Capitalisation declined by 0.79% to close at N20.051 trillion from the previous close of N20.211 trillion, thereby shedding N160 billion.

An aggregate of 259.968 million units of shares were traded in 4,975 deals, valued at N1.98 billion.

The Market Breadth negative as 17 equities appreciated in their share prices against 22 equities that declined in their share prices.

Percentage Gainers

Tripple Gee led other gainers with 10% growth, closing at N0.99 from the previous close of N0.90.

Regency Assurance, Consolidated Hallmark Insurance and Prestige Assurance among other gainers also grew their share prices by 9.76%, 9.26% and 8.89% respectively.

Percentage Losers

Oando led other price decliners as it shed 9.70% of its share price, closing at N4.75 from the previous close of N5.26.

UACN and Linkage Assurance among other price decliners also shed their share prices by 8.93% and 7.69% respectively.

Volume Drivers

Oando traded about 56.252 million units of its shares in 948 deals, valued at N288.49 million.

GTCO traded about 15.287 million units of its shares in 428 deals valued at N444.93 million.

Jaiz Bank traded about 14.9 million units of its shares in 56 deals, valued at N9.22 million.

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