Nigerian Market sheds weight closes lower by 0.52%

The equity market on Thursday closed on a bearish note as the All Share Index dipped by 0.52% to settle at 44,625.18 points from the previous close of 44,859.83 points.

The Market Capitalisation declined by 0.52% to close at N24.306 trillion from the previous close of N24.434 trillion, thereby shedding N128 billion.

An aggregate of 90.5 million units of shares were traded in 2,998 deals, valued at N1.55 billion.

The Market Breadth closed positive as 12 equities appreciated in their share prices against 9 equities that declined in their share prices.

Percentage Gainers

Regency Alliance led other gainers with 8.70% growth to close at N0.25 from the previous close of N0.23.

Sovereign Trust Assurance and JAPAULGOLD among other gainers also grew their share prices by 8.00% and 7.41% respectively.

Percentage Losers

PHARMADEKO led other price decliners, as it shed 9.76% of its share price to close at N1.85 from the previous close of N2.05.

Linkage Assurance, WAPIC and ABC Transport among other price decliners also shed their share prices by 9.30%, 8.33% and 7.41% respectively.

Volume Drivers

Mutual Benefits traded about 47.8 million units of its shares in 11 deals, valued at about N13 million.

PHARMADEKO traded about 22.6 million units of its shares in just 1 deal, valued at N41.9 million.

Fidelity Bank traded about 7.9 million units of its shares in 104 deals, valued at N30 million.

Source: Nigerian Market sheds weight closes lower by 0.52% – StocksWatch (stocksng.com)

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