Stock Market Drops Marginally By 0.06%

The Nigerian stock market declined marginally by 0.06 per cent at the end of yesterday trading activities after being on rally for three consecutive days.The All Share Index shed 16.26 absolute points or 0.06 per cent to close at 27,420.99 points. Similarly, the market capitalization shed N5 billion to close at N9.418 trillion.Market breadth was negative, with 16 gainers versus 18 losers. NEM Insurance recorded the highest price gain of 5 per cent, to close at 84 kobo per share. Eterna gained 4.80 per cent to close at N2.62, while Livestock appreciated by 4.40 per cent to close at 95 kobo per share.Honeywell Flour went up by 3.79 per cent to close at N1.37, while Diamond Bank appreciated by 3.70 per cent to close at N1.12 per share.On the other hand, UAC-Property led the losers chart by 4.87 per cent, to close at N3.71 per share. Union Bank shed 4.82 per cent to close at N3.95, while Skye Bank and Transcorp declined by 4.55 per cent each to close at 63 kobo and N1.05 per share, respectively. While Wema Bank depreciated by 4.48 per cent to close at 64 kobo.Total volume traded went down by 5.31 per cent to 313.276 million shares, valued at N3.60 billion, and traded in 2,883 deals.Transactions in the shares of UBA topped the activity chart with 120.73 million shares valued at N507.7 million. Diamond Bank followed with 36.84 million shares worth N39.96 million, while Guaranty Trust Bank traded 36.76 million shares valued at N917.31 million.Access Bank traded 15.26 million shares valued at N81.71 million, while FBN Holdings transacted 14.59 million worth N45.87 million
Click here to read full news..