Stock market declines by 1.45% on profit taking

It was yet another bearish session on the floor of the Nigerian stock market on Tuesday as profit taking by investors dragged the market down further

The All Share Index dropped by 1.45% to close at 52,990.28 points from the previous close of 53,772.14 points.

The Market Capitalisation declined by 1.45% to close at N28.568 trillion from the previous close of N28.989 trillion, thereby shedding N421 billion.

An aggregate of 318 million units of shares were traded in 5,190 deals, valued at N3.7 billion.

The Market Breadth closed positive as 20 equities emerged as gainers against 17 equities that declined in their share prices.

Percentage Gainers

Transccorp Hotel led other gainers with 6.84% growth to close at N6.25 from the previous close of 5.85.

Champion Breweries, CWG and Ecobank among other gainers also grew their share prices by 5.05%, 5.05% and 5.04% respectively.

Percentage Losers

Nigerian Breweries led other price decliners as it shed 9.96% of its share price to close at N62.40 from the previous close of N69.30.

Nothern Nigeria Flour Mills and Japaul Gold among other price decliners also shed their share prices by 9.83% and 9.09% respectively.

Volume Drivers

TRANSCORP traded about 87 million units of its shares in 216 deals, valued at N111.7 million.

Zenith Bank traded about 12 million units of its shares in 397 deals, valued at N282 million.

ACCESSCORP traded about 14 million units of its shares in 215 deals, valued at N140.9 million.

Source: Stock market declines by 1.45% on profit taking – StocksWatch (stocksng.com)

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