Nigeria’s domestic market index sheds N34bn

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Midweek trade on equities in Nigeria’s capital market ended bearish as key indices depreciated by N34 billion and 0.08 percent.

At the close of business on Wednesday, the All-Share Index of listed equities dropped by 62.66 basis points, representing a 0.08 percent decline to close at 71,003.98 points lower than Tuesday’s 71,066.64 points.

 

Similary, investors witnessed a drop of over N34 billion on market capitalisation to close at N39.042 trillion compared to the N39.082 trillion of the previous day.

 

The day’s market activity ended with a total volume of 428.44 million units that exchanged hands in 6,677 deals.

 

However, gains in 36 stocks was recorded by the Exchange at the end of the day’s trading session relative to 15 losers.

 

On profit-taking activities, DAARCOMM, RTBRISCOE and UNITY Bank, among others enjoyed investors’ patronage as their respective share prices surged by 10 percent, to close at N0.33k, N0.66k and N1.54k.

 

MECURE followed with a 9.96 percent profit on its share price to close at N7.62k while MULTIVERSE gained 9.82 percent to close at N4.81k per share.

 

On the flipside, share prices of CILEASING,  PRESTIGE and INTBREW dropped by 7.56 percent, 7.55 percent and 5.56 percent to close at N5.28k, N0.49k and N4.25 respectively.

 

 

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