Stock market declines, closes 0.48% lower, Thursday

Trading activities on the floor of the Nigeria Stock Exchange on Thursday closed in red as the All Share Index declines 0.48% to close at 41,107.81 points as against 41,306.02 points of Wednesday.

Market capitalization also declined by 0.48% to settle at N14.890 trillion as against N14.962 trillion of the previous trading session, implying a loss of about N72 billion.

Volume of traded stocks appreciated by 15.98% closing at 320.4 million units, while value declined by 30.91% closing at N4.76 billion compared to the previous close of N6.89 billion.

Market Breadth

The market breadth is balanced as 25 stocks closed positive and 25 stocks that lost.

Percentage Gainers

Unity Bank led other percentage gainers closing 9.52% above the previous close of N1.05 to settle at N1.15
Cement Company of Northern Nigeria (CCNN) grew 7.58% and Jaiz Bank grew 7.14% ahead other stocks like CUTIX, UACN and Continental Reinsurance

Percentage Losers

International Breweries Plc tops the losers’ chart losing 8.30% of its share price, closing at N47.5 as against the previous close of N51.8.
Dangote Sugar and Dangote Flour both shed 5.0% and 4.98%, closing at N19 and N11.45 respectively.

UBA traded 79.9 million units of its shares in 198 deals worth about N935.1 million

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