Nigeria’s stock market has extended its decline as benchmark index stood at 0.51% at the close of another trading day.
The overall market capitalization lost N19 billion to close at N21.858 trillion lower than the N21.970 trillion of the previous day.
The All-Share Index (ASI) fell by 214.21 basis points, representing a decline of 0.51 per cent to close at 41, 785.80 as against the 42,000.01 recorded on Wednesday.
Market sentiment was negative, as 27stocks declined, relative to 22 gainers. Afrinsurance recorded the highest price gain of 10.00 percent to close at N0.22 kobo.
Guineains also followed with a gain of 10.00 percent to close at N0.22 while McNichols rose 9.84 percent to close at N0.67 kobo.
On the other hand, NNFM led the losers’ chart by 9.94 percent to close at N7.88 kobo per share.
Champion Breweries fell 9.73 percent to close at N3.06, and Linkage Assurance Plc shed 9.59 percent to close at N0.66 kobo.
Also, the total volume of shares traded stood at to 629.41 million units worth N7.98 billion in 4,753 deals.
Transactions in the shares of FBN Holdings topped the activity chart with 126.358 million shares valued at N923.179 million.
Guaranty Trust Bank Plc followed with 87.213 million shares worth N2.878 million, while Union Bank of Nigeria (UBN) traded 78.442 million shares at N454.963 million.
Leave a Reply