Stock market sheds N25bn as NGXASI dips by 0.12%

The Nigerian stock market on Wednesday closed on a bearish note as the All Share Index depreciated by 0.12% to close at 39,204.52 points from the previous close of 39,251.29 points.

The Market Capitalisation declined by 0.12% to close at N20.426 trillion from the previous close of N20.451 trillion, thereby shedding N25 billion.

An aggregate of 354.06 million units of shares were traded in 4,095 deals, valued at N3.2 billion.

The Market Breadth closed firm as 15 equities appreciated in their share prices against 15 equities that declined in their share prices.

Percentage Gainers

Regency Assurance led other gainers with 8.51% growth, closing at N0.51 from the previous close of N0.47.

Universal Insurance, Sovereign Trust Insurance and FCMB among other gainers also grew their share prices by 5%, 4.17% and 3.45% respectively.

Percentage Losers

SCOA led other price decliners as it shed 9.72% of its share price, closing at N1.30 from the previous close of N1.44.

Veritas Kapita, AXA Mansard and Chams Plc among other price decliners also shed their share prices by 8.70%, 5.68% and 4.55% respectively.

Volume Drivers

FBNH traded about 86 million units of its shares in 112 deals, valued at N640.88 million.

Access Bank traded about 71.07 million units of its shares in 441 deals valued at N671.34 million.

Universal Insurance traded about 22.32 million units of its shares in 37 deals, valued at N4.52 million.

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