The All-Share Index declined by 37.83 per cent, representing a decrease of 0.09 per cent, to close at 43,859.30 points. Similarly, the overall market capitalisation value lost N20 billion to close at N23.631 trillion.
The market negative performance was driven by price depreciation in large and medium capitalised stocks which are; Nestle Nigeria, Nigerian Breweries , Dangote Cement, Nigerian Exchange Group and Berger Paints Nigeria. As measured by market breadth, market sentiment was negative as 26 stocks lost relative to 17 gainers. BUA Foods recorded the highest price gain of 10 per cent to close at N64.35, per share. Eterna followed with a gain of 5.09 per cent to close at N5.57, while Union Bank of Nigeria rose by 4.63 per cent to close at N5.65, per share.Wema Bank up by 3.57 per cent to close at 87 kobo, while Oando appreciated by 2.83 per cent to close at N4.73, per share.
Berger Paints followed with a decline of 9.94 per cent to close at N7.70, while UPDC Real Estate Investment Trust lost 8.14 per cent to close at N3.95, per share. Nestle Nigeria declined 7.81 per cent to close at N1,435.00, while Unity Bank shed 6.12 per cent to close at 46 kobo, per share.