Stock market extends decline by 0.15% as profit taking persist by investors

The Nigerian stock market on Thursday closed on a bearish note, occasioned by profit taking by investors.

The All Share Index declined by 0.15% to close at 43,285.97 points from the previous close of 43,349.90 points.

The Market Capitalisation declined by 0.15% to close at N22.589 trillion from the previous close of N22.623 trillion, thereby shedding N34 billion.

An aggregate of 210.55 million units of shares were traded in 3,423 deals, valued at N2.61 billion.

The Market Breadth closed negative as 12 equities emerged as gainers against 23 equities that declined in their share prices.

Percentage Gainers

E-Tranzact and Vitafoam lead other gainers with 10% growth, closing at N2.09 and N20.90 respectively.

Academy Press and Jaiz Bank among other gainers also grew there share prices by 9.09% and 6.45% respectively.

Percentage Losers

Chams Plc led other price decliners as it shed 8.70% of its share price to close at N0.21 from the previous close of N0.23.

Regency Assurance and Unity Bank among other price decliners also shed 7.50% and 7.41% of their share prices respectively.

Volume Drivers

Sterling Bank traded about 60.19 million units of its shares in 39 deals, valued at N90.31 million.

E-tranzact traded about 14.08 million units of its shares in 6 deals, valued at N29.44 million.

Transcorp traded about 13.14 million units of its shares in 96 deals, valued at N12.70 million.

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