The All Share Index decreased by 8.83 absolute points, representing a dip of 0.02 per cent to close at 51,944.58 points. Similarly, the market capitalisation lost N5 billion to close at N28.295 trillion.
The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; May & Baker Nigeria, Zenith Bank, Nigerian Exchange Group, Fidelity Bank and Africa Prudential. Also, market breadth closed negative, with 18 gainers versus 21 losers. Transnational Corporation recorded the highest price gain of 10 per cent to close at N1.54, per share. Wapic Insurance followed with a gain 9.69 per cent to close at 42 kobo, while Champion Breweries rose 7.64 per cent to close at N4.93, per share.
Mutual Benefits Assurance went up by 6.25 per cent to close at 34 kobo, while Prestige Assurance appreciated by 5.26 per cent to close at 40 kobo, per share. On the other hand, May & Baker Nigeria led the losers’ chart by 10 per cent to close at N4.05, per share, per share. Ikeja Hotel followed with a decline of 9.24 per cent to close at N1.08, while Multiverse Mining and Exploration lost 7.60 per cent to close at N2.31, per share.
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