Nigeria’s domestic stock market index dips by 0.34 percent

The Exchange closed bearish on Thursday with a loss of N187 billion on market capitalization representing a 0.34% drop to close at N55.267 trillion lower than Wednesday’s N55.453 trillion.

Consequently, the All-Share Index of listed equities depreciated by 327.28 absolute points, representing a 0.34% decline to close at 96,210.20 points compared to 96,537.48 points of the previous day.

The day’s trading ended with  20 stocks on the gainers list relative to 29 losers.

Berger, Meyer and MCNICHOLS share prices were up by 10% to close at N17.05k, N5.83k and N1.43k respectively. Tantalizer followed with a 7.81% profit on its share price to close at N0.69k while DAARCOMM had a 7.58% gain on its share price to close at N0.71k

On the other hand, RTBRISCOE  led the decliners chart with a 10% drop on its share price to close at N2.34k followed by FTN Cocoa Processors with a 9.80% loss to close at N1.38k; then Oando lost 9.65% on its share price close at N74.00k.

The day’s trading activity ended negative as the total traded volume and deals dropped  -0.16% and -17.79% to close at 388.26 million units and 9.897 deals.

However, the value of trade ended positive by 16.94% worth N9.57 billion.

Zenith Bank Plc had the highest volume for the day with 56.564 million units while OANDO had the hightest number of trades with 2,108 transactions.