Stock market declines by 0.09

It was a bearish session on the floor of the Nigerian stock market on Wednesday, failing to consolidate on 0.62% gain recorded on Tuesday as the All Share Index declined by 0.09% to close at 96,715.04 points from the previous close of 96,802.80 points.

The Market Capitalisation was down also by 0.09% to close at N55.576 trillion from the previous close of N55.626 trillion, thereby shedding N50 billion.

An aggregate of 600 million units of shares were traded in 9,546 deals, valued at N8.8 billion.

The Market Breadth closed positive as 32 equities emerged as gainers against 25 equities that declined in their share prices.

Percentage Gainers

CAVERTON led other gainers with 9.95% growth to close at N2.10 from the previous close of N1.91

Redstar Express, UPDC and Berger Paints among other gainers also grew their share prices by 9.69%, 9.63% and 9.33% respectively.

Percentage Losers

CWG led other price decliners as it shed 10.00% of its share price to close at N5.40 from the previous close of N6.00.

Northern Nigerian Flourmill and Academy Press among other price decliners also shed their share prices by 9.94% and 9.93% respectively.

Volume Drivers

Jaiz Bank traded about 237 million units of its shares in 73 deals, valued at N545.6 million

UBA traded about 40 million units of its shares in 487 deals, valued at N957 million.

Zenith Bank traded about 28 million units of its shares in 457 deals, valued at N520 million.

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