Stock market extends down trend by 0.46%

It was yet another bearish session on the floor of the Nigerian stock market on Thursday as downtrend extended on profit taking by investors.

The All Share Index dropped by 0.46% to close at 46,543.51 points from the previous close of 46,766.16 points.

The Market Capitalisation declined by 0.46% to close at N25.092 trillion from the previous close of N25.212 trillion, thereby shedding N120 billion.

An aggregate of 244 million units of shares were traded in 4,710 deals, valued at N2.35 billion.

The Market Breadth closed positive as 20 equities emerged as gainers against 15 equities that declined in their share prices.

Percentage Gainers

Conoil led other gainers with 9.89% growth to close at N24.45 from the previous close of 22.25.

RTBRISCOE, JAPAULGOLD and MEYER among other gainers also grew their share prices by 9.80%, 9.68% and 9.57% respectively.

Percentage Losers

Veritas Kapital led other price decliners as it shed 8.70% of its share price to close at N0.21 from the previous close of N0.23.

UACN and Transcorp Hotels among other price decliners also shed their share prices by 7.49% and 6.78% respectively.

Volume Drivers

Fidelity Bank traded about 44 million units of its shares in 316 deals, valued at N155.6 billion.

Zenith Bank traded about 23 million units of its shares in 697 deals, valued at N531.6 million.

UBA traded about 16 million units of its shares in 175 deals, valued at N121 million.

Source: Stock market extends down trend by 0.46% – StocksWatch (

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