Stock market declines by 0.32% on profit taking

Wednesday’s trading activities on the floor of the Nigerian stock market closed bearish on profit taking.

The All Share Index declined by 0.32% to close at 51,390.25 points from the previous close of 51,557.41 points.

The Market Capitalisation declined by 0.32% to close at N27.713 trillion from the previous close of N27.803 trillion, thereby shedding N 90 billion.

An aggregate of 198.8 million units of shares were traded in 4,769 deals, valued at about N2 billion.

The Market Breadth closed negative as 11 equities emerged as gainers against 25 equities that declined in their share prices.

Percentage Gainers

CWG led other gainers with 10.00% growth to close at N0.88 from the previous close of 0.80.

CAVERTON, Academy press and RT BRISCOE among other gainers also grew their share prices by 9.84%, 9.52% and 8.82% respectively.

Percentage Losers

MULTIVERSE led other price decliners as it shed 10.00% of its share price to close at N1.89 from the previous close of N2.10.

Redstar Express and CUTIX among other price decliners also shed their share prices by 9.82% and 8.33% respectively.

Volume Drivers

GTCO traded about 51.9 million units of its shares in 494 deals, valued at N1 billion.

UBA traded about 19.6 million units of its shares in 267 deals, valued at N147.7 million.

International Breweries traded about 9 million units of its shares in 102 deals, valued at N52 million.

Source: Stock market declines by 0.32% on profit taking – StocksWatch (

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