Stock market extends down trend by 0.05%

It was yet another bearish session on the floor of the Nigerian stock market on the first trading day of the week as downtrend extended on profit taking by investors to four straight sessions.

The All Share Index dropped by 0.05% to close at 49,344.67 points from the previous close of 49,370.62 points.

The Market Capitalisation declined by 0.05% to close at N26.615 trillion from the previous close of N26.629 trillion, thereby shedding N14 billion.

An aggregate of 122.7 million units of shares were traded in 3,915 deals, valued at 1.3 billion.

The Market Breadth closed negative as 9 equities emerged as gainers against 19 equities that declined in their share prices.

Percentage Gainers

COURTVILLE led other gainers with 9.09% growth to close at N0.48 from the previous close of 0.44.

Honeywell flour, Mutual Benefits and Nem Insurance among other gainers also grew their share prices by 8.68%, 8.00% and 4.71% respectively.

Percentage Losers

FTN Cocoa led other price decliners as it shed 9.09% of its share price to close at N0.30 from the previous close of N0.33.

LASACO and WAPIC among other price decliners also shed their share prices by 8.65% and 7.32% respectively.

Volume Drivers

TRANSCORP traded about 9 million units of its shares in 101 deals, valued at N9.7 million.

GTCO traded about 8.6 million units of its shares in 280 deals, valued at N173.7 million.

ACCESSCORP traded about 7.9 million units of its shares in 177 deals, valued at N65 million.

Source: Stock market extends down trend by 0.05% – StocksWatch (stocksng.com)

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