Stock market declines further, closes 0.47% lower, Tuesday

The Nigerian equities market on Tuesday closed in red as the All Share Index drops further by 0.47% to close at 29,668.68 points from the previous close of 29,809.20 points on Monday.

Market Capitalisation closed at N13.074 trillion, shedding N62 billion from the previous close of N13.136 trillion.

Aggregate volume of traded stocks was 253.4 million units, valued at N4.1 billion in 3,836 deals.

Market Breadth

Market Breadth closed negative as 14 stocks gained while 22 stocks lost.

Percentage Gainers

Sovereign Trust Insurance led other gainers with 9.52% growth to close at N0.23 from the previous close of N0.21.

CCNN and Champions Breweries among other gainers also grew their share prices by 9.47% and 8.33%.

Percentage Losers

Forte Oil, NEM Insurance and Prestige Assurance among other price decliners shed their share prices by 9.38%, 8.73% and 8.47% respectively.

Volume Drivers

Guaranty Trust Bank traded about 50.4 million units of its shares in 233 deals, valued at N1.57 billion.

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