The Nigerian bourse on Wednesday closed in red as the All Share index dipped by 0.87% to close at 32,437.35 points away from the previous close of 32,722.18 points on Tuesday.
Market capitalisation also dropped by 0.87%, closing at 11.842trillion below the previous close of N11.946 trillion, thereby shedding about N104 billion
Volume and value of traded stocks fell by 63.63% and 31.12% closing at 240.7 million units and N3.6 billion respectively.
Market Breadth
11 stocks gained while 22 stocks lost bringing the market breadth to a negative round off.
Percentage Gainers
Sunu Assurance tops the gainers’ chart, gaining 10.00% of its share price to settle at N0.22 above the previous close of N0.20.
Continental Reinsurance, CUTIX and Africa Prudential all made the percentage gainers’ chart ahead of other 7 stocks.
Percentage Losers
PHARMA-DEKO tops the losers’ chart losing 10.00% of its share price, while UACN, LAWUNION and Niger Insurance shed 9.09%, 7.84% and 6.67% respectively.
Volume Drivers
Zenith Bank traded about 87 million units of its shares in 247 deals, valued at about N1.9 billion.
UBA recorded total traded stocks of about 68 million units in 179 deals, worth about N560 million.