Stock market extends downtrend by 0.32% admits profit taking in 38 stocks
Nigerian stock market on Friday extended downtrend admits profit taking in 38 stocks, making it five consecutive sessions of losses as The All Share Index dropped by 0.32% to close at 143,722.62 points from the previous close of 144,187.03 points.
The Market Capitalisation declined by 0.32% to close at N91.415 trillion from the previous close of N91.710 trillion, thereby shedding N89 billion.
An aggregate of 657 million units of shares were traded in 18,842 deals, valued at N25.6 billion.
The Market Breadth closed negative as 17 equities emerged as gainers against 38 that declined in their share prices.
Percentage Gainers
NCR led other gainers with 9.89% growth to close at N41.10 from the previous close of N37.40.
Ikeja Hotel, NEIMETH and May & Baker among other gainers also grew their share prices by 9.74%, 9.09% and 8.60% respectively.
Percentage Losers
RTBRISCOE led other price decliners as it shed 10.00% of its share price to close at N3.15 from the previous close of N3.50.
Legend Internet and International Energy Insurance among other price decliners also shed their share prices by 9.93% and 9.79% respectively.
Volume Drivers
ACCESSCORP traded about 127 million units of its shares in 1289 deals, valued at N10.6 billion.
Zenith Bank traded about 92 million units of its shares in 1232 deals, valued at N2 billion.
UACN traded about 74 million units of its shares in 243 deals, valued at N5 billion.