The All Share Index depreciated by 48.40 basis points, representing a loss of 0.07 per cent to close at 68,286.28 points. Similarly, market capitalisation depreciated by N27 billion to close N37.373 trillion.
The downturn was impacted by price depreciation in large and medium capitalised stocks amongst which are; Dangote Sugar Refinery, Vita Foam Nigeria, Guaranty Trust Holding Company , Nigerian Breweries and NASCON Allied Industries . Vetive Dealings and Brokerage said: “we expect similar mixed session tomorrow, as investors continue to cherry pick attractive names across board, while taking profit on recent gainers.”
Market breadth closed positive as 32 stocks gained relative to 20 decliners. An analysis of the investment showed that Guinea Insurance led the gainers table with 10 per cent to close at 23 kobo while Betaglass followed with a gain of 9.91 per cent to close at N47.15 kobo. Caverton gained 9.84 per cent to close at N1.34 kobo.
Oando Plc added 9.70 per cent to close at N7.35 kobo. CWG added 9.11 per cent to close at N4.79 kobo.
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