Stock market dips by 0.44% as 36 stock shed weight

The stock market on Wednesday closed on a bearish note, occasioned by profit taking in 36 stocks.

The All Share Index declined by 0.44% to close at 104,915.13 points from the previous close of 105,375.69 points.

The Market Capitalisation closed at N65.790 trillion, down by 0.44% from the previous close of N66.078 trillion, thereby shedding N288 billion.

An aggregate of 1.36 billion units of shares were traded in 12,012 deals, valued at N12 billion.

The Market Breadth closed negative as 13 equities emerged as gainers against 36 equities that declined in their share prices.    

Percentage Gainers

Julius Berger led other gainers with 8.47% growth, closing at N137.00 from N126.30 it closed last session.

OMATEK and UPDC among other gainers also grew their share prices by 6.15% and 2.69% respectively.

Percentage Losers

Livestock Feeds led other price decliners, shedding 10.00% to settle at N8.46 from the previous close of N9.40.

ETRANZACT, WAPIC and MRS dropped their share prices by 9.40%, 9.27% and 8.99% respectively.

Volume Drivers

Sovereign Trust Insurance traded about 1 billion units of its shares in 77 deals, valued at N989 million.

Fidelity Bank traded about 43 million units of its shares in 456 deals, valued at N723 million.

ACCESSCORP traded about 31 million units of its shares in 780 deals, valued at N698 million.

Leave a Reply

Your email address will not be published. Required fields are marked *