Stock market closes lower by 0.24%, sheds N61bn

Transactions on the floor of the Nigerian stock market on Tuesday closed on a negative note as the All Share Index declined by 0.24% to close at 47,322.97 points from the previous close of 47,436.45 points.

The Market Capitalisation depreciated by 0.24% to close at N25.776 trillion from the previous close of N25.837 trillion, thereby shedding N61 billion.

An aggregate of 120.95 million units of shares were traded in 3,022 deals, valued at N1.65 billion

The Market Breadth closed negative as 13 stocks emerged on the gainers list while 14 stocks declined in their share prices.

Percentage Gainers

Chams Plc led other gainers with 9.09% growth to close at N0.24 from the previous close of N0.22.

Coronation Insurance and NPF Microfinance Bank among other gainers also grew their share prices by 6.06% and 5.33% respectively.

Percentage Losers

Neimeth International Pharmaceuticals led other price decliners as it shed 7.97% of its share price to close at N1.27 from the previous close of N1.38.

Nigerian Breweries and Caverton among other price decliners also shed their share prices by 7.66% and 5.68% respectively.

Volume Drivers

  • Transcorp traded about 34.6 million units of its shares in 111 deals, valued at N40.48 million.
  • Access Bank traded about 11.17 million units of its shares in 117 deals, valued at N94.92 million.
  • Zenith Bank traded about 9.33 million units of its shares in 202 deals valued at N202.53 million.

Source: Stock market closes lower by 0.24%, sheds N61bn – StocksWatch (stocksng.com)

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