Nigerian stock market on Thursday dipped, halting six straight sessions of rally to a bearish note as 37 stocks shed weight
The All Share Index dropped by 0.40% to close at 120,772.68 points from the previous close of 121,257.69 points.
The Market Capitalisation declined by 0.40% to close at N76.454 trillion from the previous close of N76.761 trillion, thereby shedding N307 billion.
An aggregate of 893 million units of shares were traded in 25,375 deals, valued at N18 billion.
The Market Breadth closed negative as 33 equities emerged as gainers against 37 equities that declined in their share prices.
Percentage Gainers
UNILEVER and SFSREIT led other gainers with 10.00% growth each to close at N51.70 and N249.25 from the previous close of 47.00 and N226.60 respectively.
NEIMETH, UACN and CAP among other gainers also grew their share prices by 9.98%, 9.97% and 9.92% respectively.
Percentage Losers
THOMASWYAT led other price decliners as it shed 10.00% of its share price to close at N2.07 from the previous close of N2.30.
NAHCO and OANDO among other price decliners also shed their share prices by 9.99% and 9.96% respectively.
Volume Drivers
ELLAHLAKES traded about 113 million units of its shares in 1,108 deals, valued at N851 million.
ACCESSCORP traded about 76 million units of its shares in 1,147 deals, valued at N1.7 billion.
CAVERTON traded about 64 million units of its shares in 290 deals, valued at N335 million.