Equities All-Share Index drops by 0.08%

Chiamaka Okechukwu

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Nigeria’s domestic equities market witnessed a 0.08 percent drop on its key index in midweek trades reversing a bull run that has persisted in the market.

Investors at the Nigerian Exchange Group Limited, NGX recorded a 50.81 absolute points decline, representing a 0.80 percent drop to close at 66,439.53 points lower than Tuesday’s 66,490.34 points.
Similarly, the market capitalisation of listed equities depreciated by N27 billion to close at N36.439 trillion compared the N36.390 trillion of the previous day.
The day’s market sentiment when measured by the market breadth in percentage term however remained positve with 26.49%, 45.83% and 11.08% in deals, volume and value to close at 10,033, 637.19 million units and N7.79 billion respectively.
The midweek transactions ended with 27 gainers and 25 decliners.
CAPHOTEL and CHIPLC led the gainers table with a 10% profit on their  respective share prices to close at N2.75k and N1.10k.
UPL followed with a 9.77% gain on its share price to close at N2.36k; then  Champion Breweries recorded a 9.72% profit on its share price to close at N3.50k.
On the flipside, TRANSCORP led the decliners list with a 9.99% loss on its  share price to close at N6.31k. CWG followed with a 9.88% drop on its share to close at N3.65k while IKEJA Hotel shares dropped by 9.84%, to close at N2.84k.