It was a bearish session on the floor of the Nigerian stock market on Thursday as The All Share Index was down by 1.19% to close at 97,064.42 points from the previous close of 98,232.39 points.
The Market Capitalisation declined by 1.19% to close at N55.777 trillion from the previous close of N56.448 trillion, thereby shedding N671 billion.
An aggregate of about 268 million units of shares were traded in 8,565 deals, valued at N6.76 billion.
The Market Breadth closed negative as 23 equities emerged as gainers against 23 equities that declined in their share prices.
Percentage Gainers
SEPLAT led other price decliners as it shed 10.00% of its share price to close at N45113.40 from the previous close of N4103.10.
Livestock Feeds, Regency Alliance and CAVERTON among other price decliners also shed their share prices by 9.93%, 9.76% and 9.63% respectively.
Percentage Losers
Dangote Cement and MC NICHOLS led other price decliners as they shed 10.00% each of their share prices to close at N478.80 and N1.35 respectively.
Secure Electric Technology and UPDCREIT among other price decliners also shed their share prices by 7.58% and 4.72% respectively.
Volume Drivers
Zenith Bank traded about 19 million units of its shares in 323 deals, valued at N716 million.
UBA traded about 37 million units of its shares in 909 deals, valued at N994 million.
Source: Stock market sheds N671bn, down by 1.19% – StocksWatch (stocksng.com)
