Home Markets Index sustains loss streak, market closes 1.42% lower

Index sustains loss streak, market closes 1.42% lower


Trading on the floor of the Nigerian Stock Exchange (NSE) on Thursday closed in red as the All Share Index (ASI) declined further by 1.42 percent to close at 32,006.65 points as against the previous close of 32,466.27 points on Wednesday.

Market capitalisation dropped by 1.42 percent, closing at N11.685 trillion from the previous close of N11.853 trillion, shedding N168 billion.

Both the volume and value of traded stocks grew by 65.43 percent and 26.88 percent to close at 351.6 million units and N4.78 billion respectively.

However, the bearish trend reflected on the price movement chart with 11 stocks recording gains as against 24 that lost bringing the market breadth to a negative round off.

In specific terms, Japaul Oil led other percentage gainers, gaining 10 percent to close at N0.22 from the previous close of N0.2 per share. Neimeth, Wapic and Learn Africa grew 9.09 percent, 7.5 percent and 7.27 percent respectively among other gainers.

Conversely, Cadbury shed 10 percent of its share price to close at N9 from the previous close of N10 per share, thereby leading the losers’ chart. CAP Plc and Eterna Plc also shed 9.97 percent and 9.92 percent of their share prices among others on the losers’ chart

Guaranty Trust Bank traded about 85.76 million units of its shares in 126 deals, valued at N3.21billion.