Business News

Market sheds N37bn as NGXASI drops by 0.12%

The equity market on Thursday closed on a bearish note as the All Share Index dropped by 0.12% to settle at 55,956.59 points from the previous close of 56,024.52 points.

The Market Capitalisation declined by 0.12% to close at N30.469 trillion from the previous close of N30.506 trillion, thereby shedding N37 billion.

Asi June 8

An aggregate of 531.8 million units of shares were traded in 6,061 deals, valued at N7.68 billion.

The Market Breadth closed positive as 41 equities appreciated in their share prices against 13 equities that declined in their share prices.

Percentage Gainers

gainers June 8

Secure Electronics Technology, Unity Bank, JAPAULGOLD, Prestige Assurance, Sovereign Trust Insurance and ETRANZACT led other gainers with 10.00% growth each.

Cornerstone Insurance, Eterna Oil, PHARMADEKO and Royal Exchange ahead other gainers also grew their share prices by over 9.00%.

Percentage Losers

Decliners June 8

JOHNHOLT led other price decliners as it shed 9.68% of its share price to close at N1.40 from the previous close of N1.55.

CAVERTON, WAPIC and GLAXOSMITH among other price decliners also shed their share prices by 7.14%, 6.52% and 5.30% respectively.

Volume Drivers

VD June 8

UBA traded about 177 million units of its shares in 506 deals, valued at about N1.7 billion.

ACCESSCORP traded about 32 million units of its shares in just 409 deals, valued at N413 million.

Zenith Bank traded about 30.8 million units of its shares in 306 deals, valued at N863 million.