Stock market extends losses, drops by 0.27%

It was yet another bearish session on the floor of the Nigerian stock market on Friday as down trend extended admits profit taking.

The All Share Index dropped by 0.27% to close at 51,979.92 points from the previous close of 52,122.00 points.

The Market Capitalisation was down by 0.27% to close at N28.031 trillion from the previous close of N28.107 trillion, thereby growing N76 billion.

An aggregate of 205 million units of shares were traded in 3,600 deals, valued at N3 billion.

The Market Breadth closed negative as 9 equities emerged as gainers against 18 equities that declined in their share prices.

Percentage Gainers

International Breweries led other gainers with 9.09% growth to close at N5.40 from the previous close of 4.95.

Linkage Assurance, Nem Insurance and Redstar Express among other gainers also grew their share prices by 7.41%, 7.26% and 5.69% respectively.

Percentage Losers

May & Baker led other price decliners as it shed 10.00% of its share price to close at N3.60from the previous close of N4.00.

RTBRISCOE, WAPCO Plc and FTN COCOA among other price decliners also shed their share prices by over 6.00%.

Volume Drivers

UBA traded about 63.7 million units of its shares in 186 deals, valued at about N465 million.

GTCO traded about 36.4 million units of its shares in 267 deals, valued at N755 million.

Zenith Bank traded about 16 million units of its shares in 472 deals, valued at N347.9 million.

Source: Stock market extends losses, drops by 0.27% – StocksWatch (stocksng.com)

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