The equities market ended Tuesday’s transactions on a marginal decline as the benchmark index depreciated by 0.03%.
The fall is being attributed to sell-offs in ARADEL HOLDINGS PLC, INTERNATIONAL BREWERIES PLC., and STERLING FINANCIAL HOLDINGS COMPANY PLC.
The all-share index fell by 0.03% or 31.3 basis points from 97,733.86 basis points to close today at 97,702.56 basis points.
Likewise, the market capitalisation depreciated by 0.03% or 19 billion naira to close at 59,226 trillion naira from previous closing of 59,245 trillion naira.
At the close of trading activities, investors traded a total of 1, 16 billion units of shares valued at 27, 36 billion naira in 9,403 deals.
FBN HOLDINGS PLC led the volume and value charts with 779.62m units traded in deals worth 18.77 billion naira.
Market breadth closed positive with 29 advancing issues outnumbering 23 declining ones.
BETA GLASS PLC. led the gainer’s table with a rise from 49.00 per share to 53.90k per share, gaining 4.90k or 10.00%.
GOLDEN GUINEA BREW. PLC. followed with a 0.37k or 10.00% gain from 3.70k per share to 4.07k per share. And LAFARGE AFRICA PLC. was next with an increase of 6.35k or 9.95% to 70.15k per share from 63.80k per share.
On the laggards chart is SOVEREIGN TRUST INSURANCE PLC depreciating by 0.08k per share or -10.00% to close at 0.72k per share from 0.80k per share. Next is JOHN HOLT PLC. falling from 8.92k per share to 8.03k per share, by 0.89k or -9.98%. And ELLAH LAKES PLC. fell from 3.53k per share to 3.18k per share, losing 0.35k or -9.92%.
Hauwa Abu
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