Equities Market Bucks Gain As ASI Down By N19bn

The All Share Index decreased by 35.72 absolute points, representing a dip of 0.08 per cent to close at 44,011.22 points. Similarly, the market capitalisation lost N19 billion to close at N23.972 trillion.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Guinness Nigeria, United Capital, Zenith Bank, Dangote Sugar Refinery and Lafarge Africa. Analysts at Afrinvest Limited said: “in the final trading session for the week, we anticipate the bearish performance would be sustained in the absence of any positive catalyst.”

Also, market breadth closed negative, with 21 losers versus 13 gainers. Unilever Nigeria recorded the highest price gain of 10 per cent to close at N11.00, per share. Stanbic IBTC Holdings followed with a gain 9.09 per cent to close at N30.00, while University Press appreciated by 8.93 per cent to close at N1.83, per share.Sovereign Trust Insurance went up by 8.33 per cent to close at 26 kobo, while Royal Exchange appreciated by 6.85 per cent to close at 78 kobo, per share.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despite Perceived Fear of Market Dominance, MTN Insists on 3.5GHz Spectrum Auction Participation – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Amosun: Capital Market Crucial to Economic Recovery, Infrastructural Development – THISDAYLIVE
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

EU, INEC, others sensitize market women on electoral involvementThe Balance4Her campaign is targeted at increased sensitization on the active participation of women in all governance processes.
Source: Daily Trust - 🏆 13. / 51 Read more »

Four shops affected in Kano market inferno - OfficialThe early morning fire outbreak that gutted the popular Kano Singer market, on Tuesday, destroyed only four shops in the market.
Source: MobilePunch - 🏆 8. / 63 Read more »