Market sheds N110bn on profit taking, closes lower by 0.43%

Transactions on the floor of the Nigerian Exchange on Thursday closed on a bearish note, occasioned by drop in the share price of MTN by 0.73%.

The All Share Index declined by 0.43% to close at 46,960.29 points from the previous close of 47,163.94 points.

The Market Capitalisation declined by 0.43% to close at N25.309 trillion from the previous close of N25.419 trillion, thereby shedding N110 billion.

An aggregate of 214.7 million units of shares were traded in 4,003 deals, valued at N2.63 billion.

The Market Breadth closed positive as 16 equities emerged gainers against 14 equities that declined in their share prices.

Percentage Gainers

Veritas Kapital Assurance led other gainers with 9.52% growth, closing at N0.23 from the previous close of N0.21.

FCMB and Custodian Investment among other gainers also grew their share prices by 7.46% and 7.14% respectively.

Percentage Losers

RT Briscoe led other price decliners as it shed 9.72% of its share price to close at N0.65 from the previous close of N0.72.

Consolidated Hallmark Insurance and Sterling Bank among other price decliners also shed their share prices by 9.09% and 3.80% respectively.  

Volume Drivers

Fidelity Bank traded about 48.26 million units of its shares in 228 deals, valued at N157.26 million.

GTCO traded about 26.09 million units of its shares in 689 deals, valued at N606.92 million.

Zenith Bank traded about 20.18 million units of its shares in 513 deals, valued at N540.43 million.

Source: Market sheds N110bn on profit taking, closes lower by 0.43% – StocksWatch (stocksng.com)

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