Bearish trend continues as market dips further by 0.09%

Activities on the floor of Nigerian Stock Market on Wednesday closed bearish as the All Share Index dipped further by 0.09% to settle at 49,599.73 compared with 49,644.92 recorded on Tuesday.

The market capitalisation depreciated by N25 billion to close at N26.753 trillion, from N26.778 trillion recorded in the previous session.

Aggregate volume and value of traded stocks settled at 128.9 million units and N1.668 billion in 3,436 deals. 

Market Breadth

Market Breadth closed balanced as 16 stocks gained against 16 stocks that declined in their share prices.

Percentage Gainers

PZ led the gainers chart with 9.76% growth to close at N9.00 from the previous close of N8.20

NPF Microfinance Bank, UACN and ABC Transport also gained by 4.58%, 3.64% and 3.57% respectively.

Percentage Losers

CHAMS PLC tops the price decliners’ list, shedding 10.00% of its share price to close at N0.27 from N0.30.

FCMB, MCNICHOLS and FTN Cocoa, shed 8.02%, 7.46% and 6.67% respectively, ahead of other price decliners.

Volume Drivers

Sterling Bank traded about 27 million units of its shares in 350 deals, valued at about N39.6 million.

Zenith Bank traded about 10 million units of its shares in 369 deals, valued at about N205 million.

GTCO traded about 9 million units of its shares in 340 deals, valued at about N184 million.

Source: Bearish trend continues as market dips further by 0.09% – StocksWatch (stocksng.com)

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