Market drops further, Closes 0.40% lower

The Nigerian Stock Market on Tuesday dropped further as the All Share Index declined by 0.40% to close at 51,586.50 points from the previous close of 51.791.45 points on Monday.

Market Capitalisation was down by 0.39% to close at N27.811 trillion against Monday’s close of N27.921 trillion, shedding N110 billion.

The aggregate volume and value of traded stocks closed at 234.6 million units and N2.57 billion in 4,646 deals.

Market Breadth

Market Breadth closed negative as 23 stocks gained while 16 stocks declined in their share prices.

Percentage Gainers

Red Star Express led gainers’ chart with 10.00% growth to close at N2.75 from the previous close of N2.50.

JOHNHOLT grew by 9.76% while UPDC and Unity Bank gained 9.73% and 9.52% respectively.

Percentage Losers

International Breweries tops the losers’ list, shedding 9.52 to close at N5.70 from N6.30.

Consolidated Hallmark, Jaiz Bank, NASCON, BUAFOODS and three other stocks shed above 6.00% of their share prices ahead of others on the red table.

Volume Drivers

CAP traded about 29 million units of its shares in 49 deals, valued at about N499.9 million.

GTCO traded about 29 million units of its shares in 531 deals, valued at about N592 million.

UBA traded about 25 million units of its shares in 186 deals, worth about N189 million.

Source: Market drops further, Closes 0.40% lower – StocksWatch (stocksng.com)

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