Market closes lower by 0.12%, sheds N35bn

Transactions on the floor of the Nigerian Exchange on Thursday closed lower as the All Share Index declined by 0.12% to close at 52,122.00 points from the previous close of 52,186.52 points.

The Market Capitalisation declined by 0.12% to close at N28.107 trillion from the previous close of N28.142 trillion, thereby shedding N35 billion.

An aggregate of 151.9 million units of shares were traded in 3,447 deals, valued at N2.157 billion.

The Market Breadth closed negative as 13 equities emerged as gainers against 22 equities that declined in their share prices.

Percentage Gainers

MULTIVERSE led other gainers chart with 9.55% growth, closing at N1.95 from the previous close of N1.78.

Cornerstone Insurance and Regency Alliance among other gainers also grew their share prices by 9.09% and 8.00% respectively.

Percentage Losers

International Breweries led other price decliners as it sheds 9.17% of its share price to close at N4.95 from the previous close of N5.45.

CAVERTON and RT BRISCOE among other price decliners also shed their share prices by 8.80% and 8.33% respectively.  

Volume Drivers

GTCO traded about 33.8 million units of its shares in 264 deals, valued at N707.7 million.

UBA traded about 14 million units of its shares in 159 deals, valued at N105 million.

ACCESSCORP traded about 10 million units of its shares in 153 deals, valued at N94 million.

Source: Market closes lower by 0.12%, sheds N35bn – StocksWatch (

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