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)

Your Comment:

Related Posts

30

Sep
Business & Economy

Capital Hotels sells 51% of its shares to 22 Hospitality Ltd

Capital Hotels Plc has notified its Shareholders and other Stakeholders that 22 Hospitality Ltd has successfully acquired 1,611,995,510 Ordinary Shares of 50 kobo each representing 51% of the equity share capital of the Company through Private Placement. All the required regulatory approvals have been received for the transaction. In addition, 22 Hospitality Limited also bought 456,641,337, and […]

Business & Economy

Union Bank partners Wacot Rice Limited to empower local farmers

In a bid to aid the financial inclusion drive of farmers in Kebbi State, Union Bank has entered into partnership with Wacot Rice Limited, a rice processing company. According to the bank the partnership is aimed to financially include 6,000 local farmers. This will include the youths and women in Kebbi State.  “The Kebbi Financial Inclusion Drive[…]