Business & Finance

NSE extends decline, closes 0.11% lower

The Nigerian Bourse on Wednesday closed in red as the All Share Index declined further by 0.11%, closing at 32,382.58 points from the previous close of 32,417.70 points on Tuesday

Market capitalisation declined by 0.11% to close at N11.822 trillion as against the previous close of N11.835 trillion, thereby shedding N13 billion.

Volume of traded stocks dropped by 61.50%, closing at 134.57 million units.

While value of traded stocks grew by 32.23% to close at N1.94 billion

Market Breadth

The market breadth closed positive as 21 stocks gained against 18 stocks that declined in price.

Percentage Gainers

CAP Plc led other price percentage gainers, gaining 10% to close at N33 from the previous close of N30

Mutual Benefit Assurance Plc grew 7.69%, Continental Reinsurance Plc grew 7.19%, while Consolidated Hallmark Insurance and Union Diagnostics both grew 7.14% respectively among others.

Nestle Nigeria Plc closed at N1420.3 from the previous close of N1405, gaining significantly N15.30

Percentage Losers

MCNICHOLS Plc tops the losers' chart, shedding 9.72% of its share price to close at N0.65 from N0.72

Transcorp Hotels Plc (TRANSCOHOT) and Law Union and Rock Insurance shed 9.63% and 8.77% respectively.

Volume Drivers

Zenith Bank traded 6.92 million units of its shares in 237 deals, valued at about N152.3 million.

FBNH traded about 15.83 million units of its shares in 201 deals, valued at about N145.68 million.

Guaranty Trust Bank traded about 12.06 million units of its shares in 184 deals, valued at about N444.65 million.

FCMB traded about 18.258 million units of its shares in 81 deals, valued at about N31.065 million.

Source: Voice of Nigeria