Stock market dips by 0.11% as 18 stocks shed weight

It was yet another bearish session on the floor of Nigerian stock market, occasioned by profit taking in International Breweries and other 17 stocks, as The All Share Index declined by 0.11% to close at 46,843.09 points from the previous close of 46,893.86 points.

The Market Capitalisation closed at N25.246 trillion, down by 0.11% from the previous close of N25.273 trillion, thereby shedding N27 billion.

An aggregate of 214 million units of shares were traded in 4,125 deals, valued at N1.79 billion.

The Market Breadth closed negative as 16 equities emerged as gainers against 18 equities that declined in their share prices.    

Percentage Gainers

PZ led other gainers with 9.80% growth, closing at N11.20 from the last close of N10.20 on Monday.

JAPAULGOLD and FCMB among other gainers also grew their share prices by 9.68% and 9.32% respectively.

Percentage Losers

International Breweries led other price decliners, shedding 10.00% of its share price to close at N4.50 from the previous close of N5.00.

Veritas Kapital and FTN Cocoa among other price decliners also shed their share prices by 8.70% and 5.71% respectively.

Volume Drivers

Access Holding traded about 30 million units of its shares in 441 deals, valued at N305.5 million.

TRANSCORP traded about 20.5 million units of its shares in 150 deals, valued at N20 million.

FBNH traded about 18.5 million units of its shares in 137 deals, valued at N216 million.

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