Stock market declines by 0.05% as 12 stocks shed weight

Nigerian stock market on Wednesday declined as 12 stocks shed weight amidst profit taking.

The All Share Index dropped by 0.05% to close at 49,421.91 points from the previous close of 49,445.31 points.

The Market Capitalisation declined by 0.04% to close at N26.658 trillion from the previous close of N26.670 trillion, thereby shedding N12 billion.

An aggregate of 51.9 million units of shares were traded in 2,981deals, valued at N590 million.

The Market Breadth closed negative as 10 equities emerged as gainers against 12 equities that declined in their share prices.

Percentage Gainers

Unity Bank led other gainers with 10.00% growth to close at N0.44 from the previous close of 0.40.

MULTIVERSE, Fidelity Bank and Honeywell Flour among other gainers also grew their share prices by 9.82%, 5.46% and 3.98% respectively.

Percentage Losers

Academy Press led other price decliners as it shed 9.78% of its share price to close at N1.66 from the previous close of N1.84.

Nem Insurance and CADBURY among other price decliners also shed their share prices by 6.08% and 5.45% respectively.

Volume Drivers

Zenith Bank traded about 6 million units of its shares in 296 deals, valued at N125.5 million.

GTCO traded about 4.99 million units of its shares in 339 deals, valued at N94.9 million.

Fidelity Bank traded about 3.8 million units of its shares in 96 deals, valued at N13.6 million.

Source: Stock market declines by 0.05% as 12 stocks shed weight – StocksWatch (

Related Posts


Business & Economy

Stock Market Review: May 25, 2023

The stock market on Wednesday closed on a positive note with 0.58% growth. The All Share Index and Market Capitalisation stands at 52,927.60 points and 28.819 trillion respectively. In a stock market review with Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The monetary policy committee of CBN has increased MPR to 18.5%. How will this […]


Business & Economy

Oando kicks-off Sustainable Transport Initiative in Lagos State with launch of Electric-Mass Transit buses

Oando Clean Energy Limited (OCEL) has achieved a groundbreaking milestone with the launch of the first phase of its Sustainable Transport Initiative for Lagos State. The initiative will see OCEL introducing electric buses to LAMATA’s current fleet of buses. The endeavor aims to support the transformation of the State’s public transport system through the development and deployment[…]