The negative downturn was buoyed by sell off sentiments in all sectors except the consumer goods sector.
In summary, the All-Share Index dipped by 23.25 absolute points, representing a decrease of 0.05 per cent, to close at 43,707.30 points. Similarly, the overall market capitalisation value declined by N12 billion to close at N22.809 trillion. The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; Lafarge Africa, Nigerian Exchange Group , Ardova, UAC of Nigeria and Red Star Express.
Furthermore, the market breadth closed negative, recording 19 losers as against 18 gainers. Neimeth International Pharmaceuticals recorded the highest price gain of 10 per cent to close at N1.98, per share. Chams followed with a gain of 9.09 per cent to close at 24 kobo and Mutual Benefits Assurance went up eight per cent to close at 27 kobo, per share.
Honeywell Flour Mills was up by 6.95 per cent to close at N3.54, while Caverton Offshore Support Group appreciated by 5.88 per cent to close at N1.80, per share. On the other hand, Red Star Express led the losers’ chart by 9.86 per cent to close at N3.29, while Pharma Deko followed with a decline of 9.83 per cent to close at N2.11, per share.Associated Bus Company and FTN Cocoa processors shed 9.09 per cent each to close at 30 kobo and 40 kobo, while Consolidated Hallmark Insurance shed 8.
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