Market extends decline, closes 0.30% lower

The Nigerian Stock Market on Thursday extends bearish sessions as the All Share Index declined by 0.30% to close at 52,815.78 points from the previous close of 52.974.15 points on Wednesday.

Market Capitalisation was down by 0.30% to close at N28.474 trillion against Wednesday’s close of N28.559 trillion, shedding N85 billion.

The aggregate volume and value of traded stocks closed at 274 million units and N4 billion in 5,011 deals.

Market Breadth

Market Breadth closed negative as 13 stocks gained while 26 stocks declined in their share prices.

Percentage Gainers

ELLAHLAKES led gainers’ chart with 9.62% growth to close at N3.42 from the previous close of N3.12.

PZ grew by 9.57% while Sovereign Insurance and NAHCO gained 8.33% and 8.31% respectively.

Percentage Losers

Royal Exchange tops the losers’ list, shedding 10.00% of it share price to close at N0.90 from N1.00.

Still on the red chart are Global Spectrum Energy Services Plc, Champion Breweries and FCMB shedding 9.75%, 8.63% and 6.57% of their share prices ahead of other stocks on the red table.

Volume Drivers

FBNH traded about 75 million units of its shares in 167 deals, worth at about N836 million.

TRANSCORP traded about 31 million units of its shares in 135 deals, valued at about N40 million.

Zenith Bank traded about 27 million units of its shares in 705 deals, valued at about N622 million.

Source: Market extends decline, closes 0.30% lower – StocksWatch (stocksng.com)

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