Market declines closes lower by 0.14%

The equity market on Wednesday closed lower as the All Share Index declined by 0.14% to settle at 53,193.98 points from the previous close of 53,270.88 points.

The Market Capitalisation declined by 0.15% to close at N28.677 trillion from the previous close of N28.719 trillion, thereby shedding N42 billion.

An aggregate of 248.958 million units of shares were traded in 4,265 deals, valued at N1.861 billion.

The Market Breadth closed negative as 16 equities appreciated in their share prices against 18 equities that declined in their share prices.

Percentage Gainers

CAVERTON led other gainers with 7.34% growth to close at N1.17 from the previous close of N1.09.

FTN Cocoa, TRANSCORP and CUTIX among other gainers also grew their share prices by 5.88%, 5.69% and 4.98% respectively.

Percentage Losers

Champion Breweries led other price decliners as it shed 9.79% of it share price to close at N3.50 from the previous close of N3.88.

Cornerstone Insurance and ENTRANZACT among other price decliners also shed their share prices by 9.68% and 9.67% respectively.

Volume Drivers

TRANSCORP traded about 103.6 million units of its shares in 157 deals, valued at about N131 million.

Fidelity traded about 24.8 million units of its shares in 185 deal, valued at N80 million.

FBNH traded about 12.5 million units of its shares in 304 deals, valued at N130 million.

Source: Market declines closes lower by 0.14% – StocksWatch (

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